On September 15, 2017, amendments to NFA registration rules became effective. As previously covered, the amendments (i) obligate firms registered as floor traders to file Form 8-R electronically for individuals who enter orders on behalf of the firm, (ii) discontinue use of Form 3-R, and (iii) eliminate an exception that allowed individuals who acted solely as principals to qualify for registration as NFA members without meeting the qualification-testing requirement.
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