Regulations Governing Futures Trust Funds Article 29

A futures trust fund distributor may not subscribe to a futures trust fund in its own name on behalf of a customer except by means of non-discretionary trusts of money or as approved by the competent authority.Except when subscribing to a futures trust fund in its own name on behalf of a customer, a futures trust fund distributor handling futures trust fund sales business shall require that the subscriber remit the funds for the subscription directly into the special futures trust fund account established by the fund custodian, and shall handle the subscription in accordance with the procedural rules prescribed by the Futures Association in regard to the offering, issuance, sale, subscription, and redemption of futures trust funds.