Release: #3953-96

For Release: October 11, 1996

CFTC Notifies the NFA of the Results of It's Recent Review of

NFA's Registration Processing Program

Washington -- The Commodity Futures Trading Commission's Division of Trading and Markets ("Division") has notified the National Futures Association ("NFA") of the results of its recent review of NFA's registration processing program. The report states that the Division found the design and execution of the NFA program to be in compliance with applicable regulatory requirements. The report describes fifteen significant findings and contains eleven recommendations for enhancement of the program. The recommendations suggest NFA should:

A copy of the Division's report is available upon request through the Commission's Office of Public Affairs, Three Lafayette Centre, 1155 21st Street, N.W., Washington D.C. 20581, (202) 518- 5080.