Forex Disclosure Documents
While we wait for more information to come from both the CFTC and the NFA on the new forex registration rules for Forex CPOs, Forex CTAs, Forex IBs and Forex Aps, we are also providing managers with information on what the rules will likely look like.
From the statements by the NFA we believe that the process to register as a Forex manager will essentially be the same. We also believe that the Forex Disclosure Document (for both the Forex CPOs and Forex CTAs) will be essentially the same as for regular CPOs and CTAs. Generally the disclosure documents will require the following items:
- Background information on the Forex Manager (including date that the manager became a Member of the NFA)
- Description of the Forex Trading Program
- Risks of the Forex Program or Forex Hedge Fund
- Description of the Forex Service Providers (including the Forex Dealer Member)
- Forex Performance Results
- Other material information on the Forex program
For more detailed information on the requirements, please see the following articles: Forex Disclosure Documents Overview Part I, Forex Disclosure Documents Overview Part II.
Please also contact us if you have any specific questions.
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