{"abstract":"The Commodity Futures Trading Commission (\"Commission\") is amending several of its regulations relating to the minimum financial and related reporting requirements for futures commission merchants (\"FCMs\") and introducing brokers (\"IBs\"). The amended regulations require an FCM, when calculating its minimum adjusted net capital requirement, to include a computation based on the risk maintenance margin levels of positions carried in customer and noncustomer accounts. The required calculation is identical to capital calculations that each FCM currently is required to perform pursuant to the rules of self-regulatory organizations, including one derivatives clearing organization. The Commission also is adopting conforming margin-based computations for purposes of the Commission's equity capital, subordination agreement and \"early warning\" requirements for FCMs. The margin-based computations required by the final rule replace computations in the Commission's regulations that had been based on the amount of funds held by an FCM to margin, guarantee, or secure futures and option positions carried on behalf of customers. Furthermore, the Commission is amending its regulations to reduce the time periods for FCMs and IBs to report events specified in the Commission's early warning requirements. Finally, the Commission also is adopting amendments to streamline the financial statement reporting requirements for FCMs and IBs.","action":"Final rule.","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2004/08/12/04-18349.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":17}],"citation":"69 FR 49784","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: September 30, 2004.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"04-18349","effective_on":"2004-09-30","end_page":49800,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2004/08/12/04-18349.xml","html_url":"https://www.federalregister.gov/documents/2004/08/12/04-18349/minimum-financial-and-related-reporting-requirements-for-futures-commission-merchants-and","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/04-18349?publication_date=2004-08-12","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2004-08-12/04-18349/mods.xml","not_received_for_publication":null,"page_length":17,"page_views":{"count":206,"last_updated":"2026-08-25 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2004-08-12/pdf/04-18349.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2004-08-12","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2004/08/12/04-18349.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T12:51:08Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":49784,"subtype":null,"title":"Minimum Financial and Related Reporting Requirements for Futures Commission Merchants and Introducing Brokers","toc_doc":"Futures commission merchants and introducing brokers; minimum financial and related reporting requirements","toc_subject":"Commodity Exchange Act:","topics":["Brokers","Commodity futures","Reporting and recordkeeping requirements"],"type":"Rule","volume":69}