RegAlert2008-02-26 | CFTC Staff Letter 08-04Added · Updated
CFTC Staff Letter 08-04: Exemption from Books and Records Location Requirements for Registered CPOs
The Division of Clearing and Intermediary Oversight grants registered commodity pool operator "B" an exemption from the requirement to keep books and records at its main business office under Regulations 4.23 and 4.7. This relief allows "B" to maintain records for U.S. and offshore pools with third-party firms "C" and "D" respectively, subject to conditions including notification of location changes and disclosure in offering documents. "B" remains responsible for ensuring records are available to the Commission, the National Futures Association, and the Department of Justice, with specific retrieval deadlines of forty-eight hours for records held by "C" and seventy-two hours for those held by "D". The exemption extends to future pools operated by "B" provided the records are maintained by "C" or "D" and the stated conditions are met.
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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5430
Facsimile: (202) 418-5547 aradhakrishnan@cftc.gov Division of Clearing and Intermediary Oversight Ananda Radhakrishnan Director CFTC Letter No. 08-04 February 26, 2008 Exemption Division of Clearing and Intermediary Oversight
Re: Regulation 4.23 – Request for exemption from requirement to keep books and records at a CPO’s main business office Dear :
This is in response to your letter dated from February 1, 2008, to the Division of Clearing and Intermediary Oversight (the “Division”) of the Commodity Futures Trading Commission (the “Commission”), as supplemented by telephone conversations between Division staff and “A”, Director of Compliance of “B” (the “correspondence”). By the correspondence, you request, on behalf of “B”, a registered commodity pool operator (“CPO”), exemption from certain provisions of Commission Regulation 4.23.1
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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.