About FIA Law & Compliance Division

The Law & Compliance Division monitors legal and regulatory developments affecting the futures and derivatives industry, assisting FIA in providing information to help relevant regulators and courts make decisions that affect the futures exchanges community. The Division discusses issues with U.S. and International regulators and exchanges and prepares comment letters, position papers, and court briefs when appropriate.

Division members address industry issues through conferences, meetings and monthly luncheons in Chicago and New York. Each spring the Division sponsors a three-day premier conference – the “Law & Compliance Division Conference on the Regulation of Futures, Derivatives, and OTC Products” – which attracts more than 800 industry participants to discuss current legal and compliance issues and network with their colleagues. To join or renew your Law & Compliance membership, please login here and select Join/Renew on the following screen. For questions please contact Beth Thompson at or 202-466-5460.

Committees & Working Groups

Below is a list of FIA Law & Compliance committees.  If you would like to participate in one or more of these committees please contact Beth Thompson at


Anti-Money Laundering

Implementation of FinCEN AML and Customer Due Diligence Rules


Audit Trail Committee 

CFTC and Exchange Audit Trail and Recordkeeping Requirements


Canadian Issues (FCM Only)

Non-Canadian Foreign Dealer Registration Requirements and Canadian Customer Collateral Rules


CFTC Rule 1.31 Recordkeeping Requirements

Comments on CFTC Rule 1.31 Recordkeeping Proposal


Chief Compliance Officer Standing Committee (FCM Only)

Legal and Compliance Issues for CCOs of FCMs and Swap Dealers



Regulatory and Compliance Issues relating to Metals, Energy and Agriculture


Department of Labor Fiduciary Rule Implementation (FCM Only)

Updates to FCM disclosures to account for Fiduciary Rule


EU Indirect Clearing (FCM Only)

EMIR and MiFIR Indirect Clearing Rules


Financial Reform

Recommends improvements and structural reform to federal financial regulations


Give Up Agreements (FCM Only)

Review and Update of FIA Standard Customer Give-Up Agreements


IRS 871(m)

Assist with Implementation of Rule 871(m) by FCMs


Joint Audit Committee 14-03 (FCM Only)

Customer Account Margin Policies


Law & Compliance Update

Monthly Report of L&C Activities


Netting Opinions (FCM Only)

Netting Opinions in Primary Jurisdictions Where FCMs Operate and Periodic Updates to Opinions


Ownership & Control Reporting (FCM Only)

Implementation of CFTC’s OCR Rules


Position Limits

CFTC and Exchange Position Limits Rules


Regulation Automated Trading

Comments on CFTC RegAT Proposal


Risk Disclosure Booklet Refresh

Review and Update of FIA Standard Customer Risk Disclosures




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