The National Futures Association wants to bring back powers it once had over mutual funds that mainly trade futures contracts, The Financial Times reports. The regulatory agency two weeks ago asked the Commodities Futures Trading Commisison to require such mutual funds to register with the NFA.

The NFA had authority over the funds until 2003.

If the proposal gets the CFTC's nod, this could usher in new rules for mutual funds, Bob Enck, CEO of Equinox Fund Management, was quoted in the article as saying. 

Edited by: Armie Margaret Lee


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