Regulatory Alerts2012-02-24 | 2012-3388Harmonization of Compliance Obligations for Registered Investment Companies Required To Register as Commodity Pool Operators
The Commodity Futures Trading Commission proposes amendments to harmonize disclosure, reporting, and recordkeeping requirements for registered investment companies that must also register as commodity pool operators. The proposal allows these entities to claim exemptive relief from specific CFTC rules by utilizing their SEC-registered prospectuses and summary prospectuses, thereby reducing duplicative obligations. Additionally, the Commission proposes to align the timing for updating disclosure documents with annual securities law requirements to further streamline compliance.
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