The Commodity Futures Trading Commission’s Market Participants Division published responses to frequently asked questions on how to register as a futures commission merchant (FCM) and the ongoing regulatory obligations of operating an FCM, aimed at helping prospective applicants understand the responsibilities involved. The FAQs cover the FCM registration process, customer protections, governance obligations, and other requirements. They respond to an increase in inquiries from entities seeking to register and operate as FCMs that have not previously been registered with the CFTC or overseen as a financial institution by a federal financial regulator, and are intended to highlight the substantial resources needed to run an FCM.
Commodity Futures Trading Commission 2025-06-30
Commodity Futures Trading Commission publishes FAQs on futures commission merchant registration and ongoing obligations
The Commodity Futures Trading Commission’s Market Participants Division released FAQs to guide prospective futures commission merchants (FCMs) on registration and regulatory obligations. The document addresses the registration process, customer protections, governance, and other requirements, emphasizing the substantial resources needed to operate as an FCM.