Forex cta disclosure document

Forex cta disclosure document

Author: RC22 Date: 23.05.2017

Disclosure Documents

A registered CTA that is required to provide a disclosure document must file it with NFA, but an exemption may apply. For example, a disclosure document is not required for a CTA that offers it's services solely to qualified eligible persons if it meets the requirements for an exemption under CFTC Regulation 4. If a disclosure document is required, it cannot be used until it is reviewed and accepted by NFA.

A QEP is a sophisticated person who participates in a commodity pool or opens a managed account. The categories of persons who qualify as QEPs are listed in CFTC Regulation 4.

A CTA must file its disclosure document through NFA's online Disclosure Document System. Only individuals authorized by the firm have access to the Disclosure Document System. To file a disclosure document or learn how to become authorized, go to Electronic Filings. If the firm is soliciting for new customers, the CTA disclosure document must be updated at least every twelve 12 months.

forex cta disclosure document

However, a CTA may be required to update the disclosure document more often if there are any material changes that must be disclosed. Review times vary depending on whether it is an initial how to make money on runescape classic updated filing, the disclosure document size, and other factors.

In general, NFA reviews most disclosure documents within 14 days of receipt. The CTA disclosure document must comply with the CFTC Part 4 Regulations.

forex cta disclosure document

Review NFA's Disclosure Document Guide for an outline of the required information. If certain conditions are met, a CTA disclosure document may be eligible for Instant Filing treatment.

Offshore Forex Disclosure Document – FUND PPM TEMPLATE

A CTA disclosure document that qualifies for Instant Filing treatment is generally reviewed within three 3 forex cta disclosure document days.

NFA staff will respond to a Member via electronic mail with either a forex trading display terminals letter or an acceptance letter. Review the CFTC's Instant Filing Notice for further guidance. A CTA disclosure document may be eligible for Instant Filing treatment if a previously accepted CTA disclosure document is on file for the same program at NFA, the CTA disclosure document contains no material changes, and the firm requests Instant Filing treatment.

Although the Member is not required to provide the CTA disclosure document on its website, the CTA disclosure document does provide a potential client with a general overview of the firm's business and the risks involved with the CTA's trading program.

What accounting method should a CTA use to calculate the performance information included in the CTA disclosure document? CFTC Part 4 Regulations indicate that performance must be calculated on an accrual basis of accounting in accordance with generally accepted accounting principles.

Review NFA's Disclosure Document Guide for additional guidance.


Can hypothetical performance information be included in the CTA disclosure document? Hypothetical performance information may be included in the CTA disclosure document if certain conditions are met.

Winsor Hoang, CTA: How to become a registered Forex Commodity Trading Advisor (CTA) in the US?

Review NFA Compliance Rule c and the Interpretive Notice for specific guidance. An account is notionally funded when the client directs the CTA to trade the account as if the funding amount was higher than the actual funds on deposit in the client's account.

This does not, however, mean that the account may trade undermargined. Notional funding is allowed as long as certain criteria are met, including having a written agreement in place between the firm and the client.


Review NFA Compliance Rule and the Interpretive Notice for more guidance. NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.

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