Regulations Governing Futures Trust Funds Article 54

A futures trust enterprise utilizing a futures trust fund for investment or trading shall produce a written trading decision based on its analysis reports, and shall produce a record of the transaction when the trading decision is implemented. The futures trust enterprise shall produce a monthly report of review, and its analysis reports and written trading decisions shall employ a reasonable analytical basis and source data.The analysis report referred to in the preceding paragraph shall provide an analytical basis, source data, and recommendations; the written trading decision shall state the type, amount, price, and time of execution for the subject of the trade; the record of implementation shall state the actual type, amount, price, and time of execution for the given subject and state the reasons for any discrepancies with the written decision.The analysis reports, written trading decisions, records of implementation, and review reports of paragraph 1 shall be recorded sequentially, with the signatures and seals of the personnel responsible for analysis, trading decisions, and execution of trades placed thereon, and retained for at least five years on file. The format of the written information shall be prescribed by the Futures Association and submitted to the competent authority for approval.