Who has to register with the CFTC?
Who has to register with the CFTC?
The Commodity Exchange Act (CEA) requires certain firms and individuals that conduct business in the derivatives industry to register with the CFTC. CFTC regulations also require, with few exceptions, CFTC registered firms to be NFA Members. The CFTC has delegated registration responsibility to NFA.
Who Must File CFTC Form 40?
Who Must File a Form 40 – Every person who holds or controls a reportable position must file a CFTC Form 40, Statement of Reporting Trader. (See section 18.04 of the regulations under the Commodity Exchange Act.) Persons include individuals, associations, partnerships, corporations, and trusts.
What is CFTC registration?
The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the US government that regulates, amongst other entities, “commodity pool operators” (CPOs) and “commodity trading advisers” (CTAs).
Is the CFTC a good place to work?
Good Place To Work It pays more than the typical government job. Great work/life balance. Little opportunity for advancement. At times, there is private sector-like pressure and pacing, but without the private sector benefits.
What is the purpose of the CFTC?
CFTC Overview The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.
Who is regulated by the CFTC?
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.
What is a reportable position CFTC?
For exchange-traded futures and commodity options, a “reportable position” is defined in CFTC Regulation 15.00(p)(1) as any open contract position that at the close of the market on any business day equals or exceeds the quantity set forth in CFTC Regulation 15.03 in either: (i) any one futures contract or commodity on …
What is the CFTC Form 40?
CFTC Form 40 allows the CFTC to compile information to assess whether a trader’s activities could potentially impact the market and whether traders are complying with speculative position limits.
What does the CFTC do?
The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. In carrying out this mission, the Commission polices the derivatives markets for various abuses and works to ensure the protection of customer funds.
What is CFTC exemption?
Commodity Futures Trading Commission (CFTC) Regulation 3.10(c)(3) currently provides an exemption from registration for non-U.S. commodity pool operators (CPOs) and commodity trading advisors (CTAs), if they solely operate non-U.S. commodity pools offered to non-U.S. investors, or provide commodity trading advice …
Who runs the CFTC?
Rostin Behnam
The Commodity Exchange Act (CEA), 7 U.S.C….Commodity Futures Trading Commission.
| Agency overview | |
|---|---|
| Headquarters | 1155 21st Street, NW, Washington, D.C. |
| Employees | 668 (2018) |
| Agency executive | Rostin Behnam, Chairman |
| Website | www.cftc.gov |
Who is in charge CFTC?
Christopher Giancarlo. J. Christopher “Chris” Giancarlo was unanimously confirmed to serve as Chairman of the U.S. Commodity Futures Trading Commission by the U.S. Senate on August 3, 2017.
