On October 19, NFA’s Executive Committee voted to recommend to NFA’s Board of Directors (Board) an increase in NFA’s assessment fee from $0.01 per side to $0.02 per side for futures and options contracts. The decision to recommend an assessment fee increase was made after a thorough review of all relevant issues by NFA’s Executive Committee and Finance Committee. Pending approval by both NFA’s Board and the CFTC, the increase would become effective on January 1, 2018.
In October 2014, NFA reduced the assessment fee by 50 percent to $0.01 per side. When Members were notified of this fee reduction, NFA noted that it may be sustainable for a few years. NFA has been able to maintain the $0.01 per side fee for the past three years. However, in order for NFA to continue to fund its operations without compromising the quality of its regulatory programs, and maintain adequate reserves, an increase in the assessment fee is necessary.
For more information regarding the upcoming fee increase, please contact NFA’s Information Center (312-781-1410 or 800-621-3570 or email@example.com).