Jan 22, 2025 As part of the regulatory changes implemented by the National Futures Association (“NFA”) in October 2024, a firm Principal is now required to personally submit their annual updates to the NFA’s Online Registration System (“ORS”). This procedural adjustment means that third-party service providers, including Turnkey Trading Partners, are no longer permitted to complete this submission on behalf of NFA member firms. While Turnkey is unable to directly file these updates, we remain committed to supporting our clients by providing comprehensive assistance in preparing the required information. Our services include: Preparing Your Questionnaire: We ensure that all necessary details are collected and organized in compliance with NFA requirements, reducing the burden on you. Guidance on Submission Process: We provide clear instructions and tips to help you navigate the ORS platform and complete the submission efficiently. What You Need to Do To ensure compliance and avoid potential penalties, please follow these steps: Complete the Questionnaire: Reach out to our team for assistance in preparing your questionnaire. Our experienced professionals will guide you through the process and help ensure accuracy. Submit Your Annual Update: Once the questionnaire is finalized, you must personally log in to the NFA ORS and complete the filing. This step is mandatory and cannot be delegated. Why This Matters These changes, detailed further in our October 2024 article here, were designed to enhance accountability within the industry. However, they have also introduced new challenges for NFA member firms, particularly those who have relied on third-party services for compliance management. Our team understands the impact these changes may have on your workflow, and we are here to ease the transition. By partnering with Turnkey, you can stay confident that your annual update will be prepared with precision and care, leaving you with only the final submission step. Get Started Today Contact us today to schedule your preparation session. Don’t wait until the deadline approaches—ensure your compliance is seamless and stress-free with Turnkey’s trusted support.