What is Form 102A?
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.
Who Must file 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.
Can CFTC take action against non registrants?
Non-Registrant Sanctions: CFTC Taking Actions for Failure to File Required Reports. Non-Registrants face many CFTC rules and regulations, and increasingly the obligation to file certain reporting forms, including Forms 204 and 304.
What is CFTC OCR?
Summary of OCR Final Rule. On November 18, 2013, the Commodity Futures Trading Commission (“Commission”) published new ownership and control rules and related forms to enhance its identification of futures and swap market participants (the “OCR Final Rule”).
Who are non commercial traders?
A non-commercial trader is someone who has no direct business interests in the commodity that they are trading. Instead, a non-commercial trader takes a speculative market position only to profit from price moves in the market.
Can CFTC prosecute criminal violations?
Criminal activity involving commodity-related instruments can result in prosecution for criminal violations of the CEA and for violations of other federal criminal statutes, including commodities fraud, mail fraud, wire fraud and conspiracy.
What is an OCR profile?
An OCR Profile is a saved, reusable set of parameters that you use when creating an OCR Set. To run an OCR job, you must first create an OCR Profile. If no Profiles have been created, you are unable to save or run an OCR Set.
What is FIA Tech OCR?
The FIA Tech OCR Data Service is a web-based reporting system that allows participating ﬁrms, such as futures commission merchants, clearing organizations, foreign brokers and swap dealers, to capture and store client data needed for regulatory reporting purposes and ﬁle ownership and control reports to the CFTC and to …
What are non reportable positions?
A Non-reportable position, in line with the CFTC’s definition, is that of any trader whose position is smaller than the reporting level in every contract month (350 for Brent, 250 for gasoil, 100 for soft commodities).
How do I submit Form 102a or form 102s?
By December 15, 2017, reporting firms should have submitted an electronic version of the Form 102A or Form 102S for all of their active special and consolidated accounts. The submissions must be received via FTP or the CFTC Portal and must follow the standards and required data fields identified in the OCR rule.
How do I submit data to the CFTC?
The submissions must be received via FTP or the CFTC Portal and must follow the standards and required data fields identified in the OCR rule.
What information does the CFTC need to know about traders?
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.
Why does the CFTC have confidential reporting numbers?
To ensure privacy of the information they provide, the CFTC has assigned confidential reporting numbers to reporting firms and traders. The Commission is prohibited under Section 8 of the CEA 7 USC 12, from publicly disclosing any person’s positions, transactions, or trade secrets, except under limited circumstances.