Customer Protection / Segregation
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FIA’s FMC requests flexibility for permissible investments for FCMs
FIA’s Financial Management Committee submitted a petition for more flexibility for FCMs to invest customer funds in safe and liquid financial instruments under applicable CFTC rules.
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Special Notice: FIA provides FCMs with template disclosures regarding separate accounts
FIA is circulating this notice to inform FIA members that an important new set of template disclosures have been added to the FIA's online documentation library.
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Remarks of FIA President and CEO Walt Lukken at Boca 2019
Welcome everyone to Boca 2019, the 44th annual gathering of the futures and derivatives industry in south Florida, or as Jeremy Grant, the former FT journalist, termed it, “Best Industry Event—Ever.” Or put another way – Boca means business!
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FIA backs ICE request to invest customer funds in EU debt
On Jan. 16, FIA submitted a letter to the Commodity Futures Trading Commission commenting on an application submitted by Intercontinental Exchange seeking permission for its clearinghouses in the U.S. and the U.K. to invest customer funds in French and German sovereign debt.
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FIA submits amicus brief in FCStone/Sentinel litigation involving the protection of customer funds
FIA filed an amicus brief in the FCStone/Sentinel litigation involving the protection of customer funds that may have been moved out of futures segregated accounts.
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Coalition of end users and market participants respond to CFTC staff report on residual interest
Washington, D.C. — Today, a coalition of associations representing agricultural producers, hedgers, and the clearing members who serve their risk-management needs responded to the Commodity Futures Trading Commission (CFTC) staff report on the residual interest deadline.
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FIA comments on proposed Canadian rule on customer clearing and collateral
FIA filed a comment letter with Canadian regulators on Proposed National Instrument 94-102, which proposes new requirements for customer clearing and protection of collateral for OTC swaps positions.
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Five industry associations publish SFTR information statement
LONDON, April 13, 2016 – The Association for Financial Markets in Europe (AFME), the Futures Industry Association, Inc. (FIA), the International Capital Market Association (ICMA), the International Swaps and Derivatives Association, Inc. (ISDA) and the International Securities Lending Association (ISLA) have jointly published a statement that can be used to help market participants comply with new requirements under the European Union’s Securities Financing Transaction Regulation (SFTR).
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FIA responds to SGX proposal on collateral segregation
The Singapore Exchange (SGX) invited comments on its proposal to enable bank affiliates of a clearing member to segregate their positions and collateral from that of the clearing member ("Affiliate Segregation").
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FIA urges Labor Department to revise fiduciary definition in ERISA proposal
The U.S. Department of Labor’s proposed re-definition of the term “fiduciary” in the Employee Retirement Income Security Act of 1974 (ERISA) is so broad that it could be interpreted to capture services provided by futures commission merchants and prevent them from executing trades for pension plans, FIA said in a July 21 letter.
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