The National Futures Association (NFA) is the

self-regulatory organization Self-regulation may refer to: *Emotional self-regulation *Self-control, in sociology/psychology *Self-regulated learning, in educational psychology *Self-regulation theory (SRT), a system of conscious personal management *Industry self-regulation, ...

(SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (

forex The foreign exchange market (forex, FX, or currency market) is a global decentralization, decentralized or Over-the-counter (finance), over-the-counter (OTC) Market (economics), market for the trading of currency, currencies. This market det ...

) and OTC derivatives ( swaps). NFA is headquartered in Chicago and maintains an office in New York City. NFA is a

non-profit A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

, independent regulatory organization. NFA does not operate any markets and is not a trade association. NFA is financed from membership dues and assessment fees, and membership is mandatory for many market participants.Registration and Membership
/ref>

History

The National Futures Association (NFA) was created by the

Commodity Futures Trading Commission The Commodity Futures Trading Commission (CFTC) is an Independent agencies of the United States government, independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures contract, fut ...

(CFTC) in September 1981 and began regulatory operations in 1982.

Responsibilities

NFA chief responsibilities include registering firms and individuals who want to do business in the derivatives industry, monitoring trades, taking disciplinary actions against members who don't follow the rules, creating rules and best practices, providing member education through workshops, webinars and conferences, mediating member and customer disputes, and providing investor education and protection.

Member News and Notices

One of the NFA's main functions is to provide up-to-date information to all member, subscribers, investors and the regulators. The NFA News sectionNews and Notices
/ref> provides links to the latest NFA enforcement actions, press releases, notices to members, updated rule submissions, testimonies and more.

Governance

The NFA is governed by a board of directors. The board meets four times a year.
/ref> NFA's board also elects individuals for NFA Committees.
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References

External Articles

New Outsourced Compliance Guidance – Implications for CFTC-Registered Private Fund Managers
at JDSupra
July 7, 2021: NFA Adopts CPO Reporting Requirement for Distress Events: Compliance Rule 2-50 in effect as of June 30, 2021
Financial regulatory authorities of the United States Commodity Futures Trading Commission Non-profit organizations based in Chicago Organizations established in 1982 {{Improve categories, date=January 2022