Who must file a CFTC Form 40?
Who Must File a Form 40 – Every person who holds or controls a reportable position must file a CFTC Form 40, Statement of Reporting Trader. (See section 18.04 of the regulations under the Commodity Exchange Act.) Persons include individuals, associations, partnerships, corporations, and trusts.
What is a 102A form?
Form 102A collects information with respect to position-based special accounts in the futures market. Special accounts, defined in part 15 of the Commission’s regulations, refer to any commodity futures or option account with a reportable position.
What is OCR CFTC?
Ownership & Control Reporting (OCR)
What is large trader reporting?
Large trader reporting is intended to help the SEC identify individuals engaged in significant market activity and analyze the impact of their trading activity on the market. It also aids in SEC investigations and enforcement activities.
What is an OCR profile ID?
Overview. OCR profile ID’s are auto-generated by the system upon the creation of an OCR Legal Entity profile or Natural Person profile. To create an OCR profile first obtain a login to the FIA Tech Accelerate platform.
What is OCR account holder?
Who is an “Account Owner” for the purposes of OCR? An “Account Owner” includes any individual or legal entity who holds a direct ownership interest in the trading account.
Who is considered large trader?
Rule 13h-1 defines a Large Trader as a person whose transactions in NMS securities equal or exceed 2 million shares or $20 million during any calendar day, or 20 million shares or $200 million during any calendar month.
What are NMS securities?
In general, the term “NMS Security” refers to exchange-listed equity securities and standardized options, but does not include exchange-listed debt securities, securities futures, or open-end mutual funds, which are not currently reported pursuant to an effective transaction reporting plan.
What do you need to report on CFTC form 40?
Once an account contains a “reportable position,” the CFTC may then contact the trader directly and require that the trader file a more detailed identification report on CFTC Form 40, which requires further information regarding the reporting trader.
How does the CFTC get information from counterparties?
the counterparties to obtain additional information about their positions. Together, CFTC Forms 102/102S and 40/40S allow the CFTC to identify the name and address of the. account, the person(s) owning and/or controlling the trading, the person to contact regarding trading, the. nature of the account (.
Can a CFTC request information from a trader?
Under 17 CFR Parts 18 or 21, the CFTC also has the authority to require that a trader provide additional information about a firm’s traders and/or about a participant’s trading and delivery activity, including information on persons who control or have a financial interest in the account.
What is the CFTC statement of cash positions in cotton?
The CFTC Form 204: Statement of Cash Positions in Grains and CFTC Form 304: Statement of Cash Positions in Cotton show the trader’s positions in the cash market.