CFTC Form 1-FR-IB Instructions - National Futures Association

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An IB must promptly file with the Commission an exact copy of each financial report or other financial schedule filed with an SRO, including routine filings, special calls, and amended reports. A financial report will not be considered filed until it has been received by the SRO and the Commission. It is not sufficient for an IB to mail a statement by its due date for the report to be filed in a timely manner. The copy filed with the Commission will be considered promptly filed only if it is received the same or next business day after receipt by the self-regulatory organization and the report has been filed with the SRO by its due date.
FORM 1-FR-IB Instructions Contents of Financial Reports Page 1-5. CONTENTS OF FINANCIAL REPORTS The table that follows identifies those statements in the Form 1- FR-IB that must normally be filed by an IB at the usual reporting dates specified in the regulations: Year-end Fiscal Certified Quarters Statement of Financial Condition X X Statement of the Computation of the Minimum Capital Requirements X X Statement of Income (Loss) X Statement of Changes in Ownership Equity X X Statement of Changes in Liabilities Subordinated to the Claims of General Creditors Pursuant to a Satisfactory Subordination Agreement X X Due within `X' days of `as of' date 90 45 All statements filed by an IB must include any further information as may be necessary to make the statements not misleading. Certified Report In addition to the statements included in the Form 1-FR-IB, an IB must file with its year-end certified report a Statement of Cash Flows prepared in accordance with Financial Accounting Standards Board Statement No. 95. It must also include: (1) a report by a public accountant, in which he expresses an opinion on the financial statements and supplemental schedules, and the accounting principles reflected therein; (2) a report by the CPA on his review of internal accounting control; and (3) appropriate footnote disclosures. As of the end of its fiscal year, an IB must file a financial report which has been audited by an independent public accountant. The financial report may be presented in accordance with generally accepted accounting principles rather than in the Form 1-FR-IB format. If the report is presented in accordance with GAAP, an IB must include with the report a reconciliation between the Statement of Financial
Page 1 and 2: ===================================
Page 3 and 4: PUBLIC REPORTING BURDEN Public repo
Page 5: FORM 1-FR-IB Instructions Where to
Page 9 and 10: FORM 1-FR-IB Instructions Pertinent
Page 11 and 12: National Futures Association, and t
Page 13 and 14: Unresolved Differences and Amounts
Page 15 and 16: FORM 1-FR-IB Instructions Cover Pag
Page 17 and 18: STATEMENT OF FINANCIAL CONDITION -
Page 19 and 20: Example 1 On 11-28-XX an IB enters
Page 21 and 22: current asset. If the IB has receiv
Page 23 and 24: Affiliates include the IB's parent
Page 25 and 26: In this case, $10,000 of the $24,00
Page 27 and 28: liability may be excluded from tota
Page 29 and 30: qualify for exclusion from liabilit
Page 31 and 32: STATEMENT OF THE COMPUTATION OF THE
Page 33 and 34: Line 5. - Haircuts on cash commodit
Page 35 and 36: Line 7. - Charges against repurchas
Page 37 and 38: Example Assume contract A has a $4,
Page 39 and 40: If a deficiency in SDN collateral e
Page 41 and 42: FORM 1-FR-IB Instructions Statement
Page 43 and 44: Equity Capital Equity capital is th
Page 45 and 46: An IB which has an equity capital d
Page 47 and 48: self-regulatory organization requir
Page 49 and 50: FORM 1-FR-IB Instructions Reporting
Page 51 and 52: FR- IB (Statement of Financial Cond
Page 53 and 54: (B) Any excess market value of the
Page 55 and 56: (ii) 15 years but less than 20 year
Page 57 and 58:
Canadian Debt Obligations (C) In th
Page 59 and 60:
(ii) Between 5 years and 10 years a
Page 61 and 62:
percentage deduction on such excess
Page 63 and 64:
the proprietary or other accounts o
Page 65 and 66:
(5) Conversion Accounts. Where a br
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CFTC Form 1-FR-IB Instructions - National Futures Association

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