| To further enhance the CME�s financial surveillance program, our financial statement filing requirements have been amended. This new rule amendment requires all clearing members to submit a monthly Form 1-FR or FOCUS Report including the Exchange Supplementary Information schedule through the WinJammer system within seventeen business days of month-end. This requirement will ensure the CME�s Audit Department is receiving timely and pertinent financial information without placing significant burdens on the clearing membership. Currently, the NYSE requires all broker-dealers to file a monthly FOCUS Report and many other clearing members already prepare and submit this information to other regulatory organizations. This change is incorporated into the amendment below to Rule 970 and is effective for all Form 1-FR and FOCUS Reports dated after August 1, 1998. Therefore, an August 31, 1998 Form 1-FR or FOCUS Report must be submitted by September 24, 1998. If you have any questions, please call us at 312-930-3230 or email us at audits@cme.com.
970. Financial Requirements C. In conjunction with the requirements set forth in CFTC Regulations 1.10, 1.12, 1.17, and 1.18, clearing members must comply with the following requirements: 1. Submit a monthly [quarterly] Form 1-FR or FOCUS Report including an unaudited monthly [quarterly] Form 1-FR or FOCUS Report as of the clearing member 's fiscal year�end, within the time requirements set forth in CFTC Regulation 1.10. A clearing member must include with its Form 1-FR or FOCUS Report a Statement of Income (loss) for the period between the date of the most recent financial statement or, at the option of the clearing member, the most recent certified financial statement filed with the Audit Department and the date for which the report is made. 2. Submit a monthly Form 1-FR or FOCUS Report [net capital computation] and the Exchange Supplementary Information schedule [for non-fiscal quarter month-ends] within the time requirements set forth in CFTC Regulation 1.18 for completion of the monthly net capital computations. [In lieu of a monthly net capital computation, may submit a Form 1-FR or FOCUS Report.]
- Submit a certified Form 1-FR or FOCUS Report as of the clearing member 's fiscal year�end within the time requirements set forth in CFTC Regulation 1.10. A clearing member must include with its certified Form 1-FR or FOCUS Report, reconciliation from the certified Form 1-FR or FOCUS Report to the monthly [
quarterly] Form 1-FR or FOCUS Report as of the same date.
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