NFA Approves Surcharge for Swaps Firms

June 10, 2019

The National Futures Association (“NFA”) recently approved an annual dues surcharge of $1,750 on certain NFA Members (“Members”) engaged in swaps activities, including commodity pool operators and commodity trading advisors. Starting January 1, 2020, the annual surcharge will be included in Members’ invoices and will be payable on or before the membership renewal date for each Member.

Members that are approved as swap firms but are not engaged in swaps activities and are not required to be a swap-approved firm may avoid the annual surcharge by withdrawing their swap approval by completing Form 7-W available on NFA’s online registration system.