Important Facts, Role - Forex Dealer
Forex Dealer Members who intend to continue operating antecedent the deadline must present estimated net capital calculations to the NFA by 10am on October 31st. The amendment also includes a revision to NFA financial requirements Section 12. Under the amended requirements, firms who fall under the security down payment privilege will only be required to crutch 150% of the base requirement. The latter control does decrease some of the unneeded regulatory overhead on firms who handle everyone immunity. Nevertheless the requirement doesn't obtain into account the amount of leverage exploited by the conformable firms. Thus, the requirement though places excessive burden on smaller companies while potentially exposing larger firms to excessive risk.