RegAlert2012-07-10 | CFTC Staff Letter 12-03Added · Updated
CFTC Staff Letter 12-03: No-Action Relief from Rescission of Regulation 4.13(a)(4) and Amendments to Regulation 4.5
The Division of Swap Dealer and Intermediary Oversight grants no-action relief to commodity pool operators (CPOs) and commodity trading advisors (CTAs) for pools launched after July 10, 2012, extending the registration compliance date to December 31, 2012. This relief applies only if CPOs file a claim with the Division prior to engaging in business requiring registration and ensure that all participants are qualified eligible persons or accredited investors. The Division denies requests to delay the inclusion of swaps in trading threshold calculations beyond December 31, 2012, or until final margin rules are adopted.
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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5977
Facsimile: (202) 418-5407 gbarnett@cftc.gov
Division of Swap Dealer and
Intermediary Oversight
Gary Barnett
Director
CFTC Letter No. 12-03
No-Action
July 10, 2012
Division of Clearing and Intermediary Oversight Managed Funds Association 600 14th St., NW Suite 900 Washington, DC 20005 Investment Adviser Association 1050 17th St., NW Suite 725 Washington, DC 20036 Alternative Investment Management Association, Ltd. 2nd Fl. 167 Fleet St. London EC4A 2EA Investment Company Institute 1401 H St., NW Washington, DC 20005 Re: Request for No-Action Relief from Rescission of Regulation 4.13(a)(4) and Amendments to Regulation 4.5 Ladies and Gentlemen:
This is in response to your correspondence, dated April 30, 2012, and May 21, 2012, to the Commodity Futures Trading Commission (“Commission”), in which you requested relief from compliance with the Commission’s rescission of Regulation 4.13(a)(4) and the amendments to Regulation 4.5.0F Collectively, your correspondence requested a limited time period of noaction relief – in essence, an extension of the compliance date – for those commodity pool 1 77 FR 11252, Feb. 24, 2012. Corrections to the rule text were published in the Federal Register on March 26,
2012. 77 FR 17328, Mar. 26, 2012.
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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.