CFTC Issues Time-Limited No-Action Relief for CPOs of Securitization Vehicles

4 April 2013
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Key takeaways:

  • The Division of Swap Dealer and Intermediary Oversight of the Commodity Futures Trading Commission (“CFTC”) released a letter providing no-action relief until June 30, 2013 to commodity pool operators (“CPOs”) of certain securitization vehicles.
  • The temporary no-action relief is available to securitization vehicle CPOs who (i) initiated registration as a CPO by March 31, 2013; (ii) file notice with the Division; and (iii) comply with the CFTC’s regulations during the no-action period, subject to certain terms and conditions.