CFTC Proposes Rules to Streamline Certain CPO and CTA Regulations

19 November 2018
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Key takeaways:
  • The CFTC has issued Proposed Rules that would codify several CFTC staff letters under Part 4 of the CFTC regulations with respect to commodity pool operators (“CPOs”) and commodity trading advisors (“CTAs”).
  • If adopted, the Proposed Rules, among other things, would permit a CPO that solicits funds from non-U.S. persons for participation in an offshore commodity pool to claim an exemption from CPO registration with respect to such pool regardless of the level of commodity interest trading activities of such pool and regardless of whether the CPO operates other pools that include U.S. participants.
  • Comments on the Proposed Rules are due by December 17, 2018.