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Alston & Bird

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2025 NFA Affirmation Required for Key Exemptions Under CFTC Rules

Managers relying on exemptions under Commodity Futures Trading Commission (CFTC) Rules 4.13, 4.14, and 4.5 must complete their required annual affirmation within 60 days of year-end. Our Investment Funds Team highlights key considerations for the 2025 cycle, including steps for completing affirmation in the National Futures Association (NFA) Exemptions Filing System.