Registration and financial requirements; risk assessment

Any person desiring to register as a futures commission merchant, introducing broker, floor broker, or floor trader hereunder shall be registered upon application to the Commission. The application shall be made in such form and manner as prescribed by the Commission, giving such information and facts as the Commission may deem necessary concerning the business in which the applicant is or will be engaged, including in the case of an application of a futures commission merchant or an introducing broker, the names and addresses of the managers of all branch offices, and the names of such officers and partners, if a partnership, and of such officers, directors, and stockholders, if a corporation, as the Commission may direct. Such person, when registered hereunder, shall likewise continue to report and furnish to the Commission the above-mentioned information and such other information pertaining to such person’s business as the Commission may require. Each registration shall expire on December 31 of the year for which issued or at such other time, not less than one year from the date of issuance, as the Commission may by rule, regulation, or order prescribe, and shall be renewed upon application therefor unless the registration has been suspended (and the period of such suspension has not expired) or revoked pursuant to the provisions of this chapter.

( Sept. 21, 1922, ch. 369, § 4f , as added June 15, 1936, ch. 545, § 5 , 49 Stat. 1495 ; amended Pub. L. 90–258, § 7 , Feb. 19, 1968 , 82 Stat. 28 ; Pub. L. 93–463, title I, § 103(a) , Oct. 23, 1974 , 88 Stat. 1392 ; Pub. L. 95–405, § 5 , Sept. 30, 1978 , 92 Stat. 869 ; Pub. L. 97–444, title II, § 208 , Jan. 11, 1983 , 96 Stat. 2302 ; Pub. L. 102–546, title II , §§ 207(b)(1), 229, Oct. 28, 1992 , 106 Stat. 3604 , 3619; Pub. L. 106–554, § 1(a)(5) [title I, § 123(a)(6), title II, § 252(b), (c)] , Dec. 21, 2000 , 114 Stat. 2763 , 2763A–407, 2763A–447; Pub. L. 110–234, title XIII, § 13105(b) , May 22, 2008 , 122 Stat. 1434 ; Pub. L. 110–246, § 4(a) , title XIII, § 13105(b), June 18, 2008 , 122 Stat. 1664 , 2196.)