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Must an FCM invoice to the customer the NFA assessment fee?

April 26, 2017assessment customer fcm fee invoice nfa

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Must an FCM invoice to the customer the NFA assessment fee?

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Yes. Bylaw 1301(b)(i) requires that an FCM Member invoice assessments to its customers and remit the amount due to NFA, the FCM is given some discretion as to how the customer is invoiced. Invoicing through monthly statements or purchase and sale statements are both acceptable methods.