What is the 24-month exemption to providing the trust document?

NFA Regulations at 27 CFR 479.85(c) provide:  


If the applicant entity has had an application approved as a maker or transferee within the preceding 24 months, and there has been no change to the documentation previously provided, the entity may provide a certification that the information has not been changed since the prior approval and shall identify the application for which the documentation had been submitted by form number, serial number, and date approved.

Accordingly, an applicant who applies within 24 months of receiving an approval may submit a letter certifying that the information in the trust has not changed since the prior approval. The letter may be uploaded as a supporting document in the eForms system.

Last Reviewed April 23, 2024