Changes to Minimum Net Capital Requirements

Effective July 31, 2006, NFA's new capital requirements go into affect. The capital requirements impact Forex Dealer Members, futures commission merchants and independent IBs. Specifically, the minimum net requirements for Forex Dealer Members, futures commission merchants and independent IBs have been increased. The increases are as follows:

  • For FCMs, from $250,000 to $500,000;
  • For independent IBs, from $30,000 to $45,000; and

  • For Forex Dealer Members, from $250,000 to $1,000,000.
The changes also impose new requirements for FCMs with affiliates, if those affiliates are authorized to act as counterparties solely by virtue of their affiliation with a registered FCM and for all FCMs that are counterparties to off-exchange forex options transactions with retail customers.

If you are affected by these changes, need further assistance on how to meet these capital requirements, or would like to discuss how Compliance Supervisors Inc. can assist your firm in complying with the compilation of the monthly capital requirements, please feel free to contact us at info@compliancesupervisors.com




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