We are in the home stretch in implementing the Customer Protection Rules adopted by the CFTC in October 2013. On July 12, 2014, FCMs will need to have the following in place:
Detailed Financial Disclosures on their website.
Firm specific Risk Disclosure.
Implementation of a Risk Management Program.
New acknowledgement letters from depositories.
The only remaining provision of the Customer Protection Rule will be the deduction of T+1 margin calls from the FCM’s residual interest, which will take effect on November 14, 2014.
