Regulatory Alerts2019-12-10 | 2019-26161Registration and Compliance Requirements for Commodity Pool Operators and Commodity Trading Advisors: Registered Investment Companies, Business Development Companies, and Definition of Reporting Person
The Commodity Futures Trading Commission adopted final rules amending regulations to clarify that registered investment company exclusions from the commodity pool operator definition must be claimed by their investment advisers and extended this exclusion to business development company advisers. The Commission also revised the definition of "Reporting Person" to eliminate filing requirements for Forms CPO-PQR and CTA-PR for certain classes of commodity pool operators and commodity trading advisors. These amendments aim to increase regulatory certainty and reduce burdens by codifying existing no-action relief while maintaining customer protection standards.
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