Key takeaways

• The CFTC recently adopted amendments to certain of its regulations governing Annual Report, periodic account statement and CPO-PQR filing requirements for registered commodity pool operators (“CPOs”), which take effect on December 27, 2016.
• The amended regulations will permit CPOs to use specified non-U.S. accounting principles for financial statements in Annual Reports and other periodic financial statements, and when reporting financial information on Form CPO-PQR, if certain conditions are met. 
• The amended regulations will also permit CPOs to forego audit requirements for Annual Reports in specified circumstances, subject to obtaining waivers from relevant pool participants.