For Release: December 30, 2009
CFTC Adopts Amendments to Electronic Filing Regulations and Certain Other Financial Reporting Requirements Applicable to Futures Commission Merchants and Introducing Brokers
Washington, DC — The Commodity Futures Trading Commission (CFTC) has adopted amendments to its regulations regarding the electronic filing of financial reports and notices by futures commission merchants (FCMs) and introducing brokers (IBs) as well as certain other of its financial reporting requirements. The amendments, among other things:
- enable internet-based filing of FCM financial reports using user authentication and password procedures in light of changes to the WinJammer™ software application;
- expand the types of filings that FCMs and IBs may submit electronically to include required “early warning” notices and certain other notices and filings;
- provide for less prescriptive, but more immediate, documentation to be filed regarding a firm’s undercapitalized condition; and
- expressly include an income statement in the required periodic unaudited financial reports of FCMs and IBs.
The amendments are effective January 4, 2010. Copies of the regulations may be obtained by contacting the Commission's Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581, 202-418-5100, or by accessing the Commission's website, www.cftc.gov.
R. David Gary
Last Updated: December 31, 2009