The National Futures Association (NFA) is the

self-regulatory organization A self-regulatory organization (SRO) is an organization that exercises some degree of regulatory authority over an industry or profession. The regulatory authority could exist in place of government regulation, or applied in addition to governmen ...

(SRO) for the U.S. derivatives industry, including on-exchange traded

futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

, retail off-exchange foreign currency (

forex The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

) 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) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

, 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
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History

The National Futures Association (NFA) was created by the Commodity Futures Trading Commission (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
Regulators Auditors {{Improve categories, date=January 2022