RegAlert2005-11-10 | CFTC Staff Letter 05-19Added · Updated
CFTC Staff Letter 05-19: Exemption from Part 4 Rules for Registered CPO Offering Shares Listed on a National Securities Exchange
The Division of Clearing and Intermediary Oversight grants exemptive relief to a registered commodity pool operator from specific disclosure, reporting, and recordkeeping requirements under Commission Rules 4.21, 4.22, and 4.23. The operator is exempted from obtaining signed acknowledgments of Disclosure Document receipt for secondary basket creations and from delivering monthly Account Statements, provided the relevant information is maintained on designated websites. Additionally, the operator is permitted to keep required books and records at the offices of its administrator and a registered broker-dealer rather than at its main business office, subject to conditions including immediate notification of location changes and retrieval of records within forty-eight hours upon request.
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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
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Telephone: (202) 418-5430
Facsimile: (202) 418-5547 aradhakrishnan@cftc.gov Division of Clearing and Intermediary Oversight CFTC letter No. 05-19 November 10, 2005 Exemption Division of Clearing and Intermediary Oversight
Re: Rules 4.21, 4.22 and 4.23
“A” – Request for relief from certain Disclosure Document, recordkeeping and reporting requirements in connection with the operation of the “B”. Dear:
This is in response to your letter dated August 12, 2005, to the Division of Clearing and Intermediary Oversight (the “Division”) of the Commodity Futures Trading Commission (the “Commission”), as supplemented by your letters dated September 28, 2005 and October 4, 2005, August 29, 2005 presentation to Commission staff, e-mail messages, and telephone conversations with Division staff (the “correspondence”).1 By the correspondence, you request, on behalf of “A”, a registered commodity pool operator (“CPO”), in connection with the operation by “A” of “B” (the “Fund”), certain relief from Commission Rules 4.21, 4.22 and 4.232 which concern, respectively, the disclosure, reporting and recordkeeping requirements applicable to registered CPOs. The securities of the Fund (“Shares”) will be offered and sold to the public pursuant to an effective registration statement filed with the Securities and Exchange Commission (“SEC”) (the
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Source: Commodity Futures Trading Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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CFTC published 6 documents in the last 30 days. We email you each new one the day it's published.