Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets and Registered Futures Associations

On October 30, 2023, the U.S. Commodity Futures Trading Commission (CFTC) published in the Federal Register the fees it will charge to designated contract markets (DCMs or simply authorized commodity exchanges) and the National Futures Association, the association relevant for the oversight of commodity exchange traders, for purposes of overseeing their rule enforcement programs during 2022. The fees are adjusted yearly based upon the lower of
– the actual oversight costs incurred by the Commission in the previous three fiscal years which is in this case are the fiscal years of 2019, 2020, and 2021 or
– „one-half of average costs incurred by the Commission for each DCM for the most recent three years, plus a pro rata share (based on average trading volume for the most recent three years) of the aggregate of average annual costs of all DCMs for the most recent three years.“
The fees to be paid are outlined in the accompanying table. The CFTC has also provided corresponding payment instructions at the bottom of the document.