Commodity options and futures trading commission cftc ownership
The Commodities Futures Trading Commission CFTC has historically maintained rules which require FCMs to report information relating to clients holding positions equal to or exceeding defined thresholds e. In Novemberthe CFTC adopted a new rule commodity options and futures trading commission cftc ownership expands the prior reporting rules and which requires the collection and reporting of more comprehensive information on owners and commodity options and futures trading commission cftc ownership of accounts trading U.
In order to comply with the requirement that any account meeting the position or volume thresholds be reported to the CFTC by What information must be provided? The following information is required of all Owners and Controllers of an account: The following details are also required for owners and controllers that are legal entities: An "Account Owner" includes any individual or legal entity who holds a direct ownership interest in the trading account.
A trading account may have more than one controller. Your institution may have a "Head of Desk" commodity options and futures trading commission cftc ownership directs the trading of your institution's trading account, with the other traders simply acting under this individual's direction. If this is the case, you can identify the "head of desk" using the Account Management OCR interface, in which case "Account Controller" information will only be required for that individual.
An LEI is a unique 20 -digit alphanumeric code associated with a single organization and which is intended to be recognized universally across regulatory agencies and jurisdictions. A number which the National Futures Organization assigns to each registrant e.
You may ask your employer to provide you with this information or search one of the following websies:. Searches may be conducted by the entity's registered legal name or address. Searches may be conducted by entering a firm name, individual name or pool name. Why must I provide this information? The requirement is universal and applies to any individual or entity regardless of their broker.
Does OCR apply to non-U. Yes, if you wish to trade U. How will Interactive Brokers treat this information? This data will be kept confidential in accordance with the Interactive Brokers Group Privacy Statement. See link for details: Unfortunately, all data must be entered within a single session and partial entry and a save option is not available.
Where can I learn more? The full text of this rule change is available on the CFTC website. Retirement Account Resource Center.
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Generally securities purchased for registered plans like TFSAs must be purchased through a designated stock exchange. For more information on qualified listed securities, visit the CRAs website. Although we cant provide advice on choosing specific investments, we can help you understand the types of questions you need to ask when choosing investments for any financial goal.
Depending on your time horizon (short, medium or long), you may consider different types of investments.