NFA Exemptions – Annual Affirmations due by March 2022

NFA Exemptions – Annual Affirmations due by March 2022

Active CPO and CTA exemptions which go unaffirmed by March 1, 2022 will be withdrawn on March 2, 2022.

Registered CPOs or CTA relying on Part 4 exemptions are subject to all Part 4 Requirements. Non-registrants may result in the person or entity to enforcement action by the CFTC, if either continues to operate without registration or exemption.

Firms can claim an exemption from CPO registration under:

  • CFTC Regulation 4.13(a)(1),
  • 13(a)(2),
  • 13(a)(3),
  • 13(a)(5),
  • an exclusion from CPO registration under CFTC Regulation 4.5 or
  • an exemption from CTA registration under 4.14(a)(8).

Any exemptions must be confirmed in NFA’s exemption system within 60 days of the calendar year end, which is March 1, 2022, for this affirmation cycle. A failure to register may result in the person or entity to enforcement action by the CFTC if either continues to operate without registration or exemption.

At this time of year, we’re supporting clients in refiling exemption and reevaluating their operations relevant to NFA exemptions. If you require further guidance or support, get in touch.

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