Insights & Publications
Diversity & Inclusion
© 2021 Debevoise & Plimpton LLP
CFTC Grants Relief from Commodity Pool Operator Registration for Insurance-Linked Securities Issued by SPVs
23 December 2014
View Client Update
The Division of Swap Dealer and Intermediary Oversight of the CFTC issued a no-action letter granting relief from commodity pool operator registration for entities engaging in insurance-linked securities transactions, subject to certain conditions. The relief was granted in response to a letter from the Securities Industry and Financial Markets Association.
The relief allows operators of entities engaging in such transactions not to register as a commodity pool operator if they satisfy the conditions of the de minimis exemption in CFTC regulation 4.13(a)(3) and certain other conditions set forth in the no-action letter.
Structured Finance & Derivatives
Gary E. Murphy
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review