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My firm has qualified and must comply with the enhanced supervisory procedures. How does the promotional material requirement work?

April 26, 2017comply Enhanced firm material procedures promotional qualified requirement supervisory

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My firm has qualified and must comply with the enhanced supervisory procedures. How does the promotional material requirement work?

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If your firm meets the criteria, it must file all promotional material, as defined in NFA Compliance Rule 2-29(i), with NFA at least 10 days before using the material for the first time. This requirement also applies to all existing promotional material the firm is using at the time the enhanced supervisory requirements become effective. In addition, if your firm is an FCM that guarantees IBs, this requirement also applies to the promotional material used by your firm’s guaranteed IBs.