The US Commodity Futures Trading Commission will consider prohibiting foreign exchange futures brokerages from counting an overseas affiliate’s assets in determining adjusted net capital for risk assessments.
The National Futures Association, the derivatives industry self-regulator, forwarded this proposal on forex dealer members, or FDMs, to the commission last week.
“In recent years, NFA’s concerns regarding FDM capital have increased,” the proposal said.
CFTC to consider barring FX futures firms from counting affiliates’ assets as capital
27 September 2018 1:57am