Written by: Michael G. Wu
The National Futures Association (“NFA”) recently implemented a new quarterly reporting requirement for commodity trading advisors (“CTAs”). Under NFA Compliance Rule 2-46, CTAs must file on a quarterly basis NFA Form PR, which consists of the Commodity Futures Trading Commission’s Form CTA-PR together with additional information relating to the trading programs offered by the CTA, related monthly rates of return and assets under management for the trading programs. The initial report will be due on November 14, 2013. The NFA Notice to Members discussing the quarterly reports can be found here.