RegAlert2017-09-13 | CFTC Staff Letter 17-43Added · Updated
CFTC Staff Letter 17-43: No-Action Relief from CPO and CTA Registration for University Endowment and Planned Giving Activities
The Division of Swap Dealer and Intermediary Oversight grants no-action relief from commodity pool operator and commodity trading advisor registration to a private university regarding its collective management of an endowment fund and the operation of planned giving accounts. The relief covers the university's management of assets from affiliated organizations commingled with its endowment, as well as its administration of pooled income funds and charitable remainder trusts for donors. This decision applies to the university's activities involving these specific investment vehicles and does not extend to other entities or general public solicitations.
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U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-6700
Facsimile: (202) 418-5528 eflaherty@cftc.gov
Division of Swap Dealer and
Intermediary Oversight
Eileen T. Flaherty
Director
CFTC Letter No. 17-43
No-Action
September 13, 2017
Division of Swap Dealer and Intermediary Oversight RE: Request for No-Action Relief from CPO and CTA registration for “A” University with respect to its University Endowment Fund and Planned Giving Accounts Dear xx:
This is in response to your request dated September 5, 2017, to the Division of Swap Dealer and Intermediary Oversight (“DSIO” or “Division”) of the Commodity Futures Trading Commission (“CFTC” or “Commission”), as well as ongoing conversations, meetings, and supplemental responses with and to DSIO Staff (“Correspondence”). In the Correspondence, you request relief from commodity pool operator (“CPO”) and commodity trading advisor (“CTA”) regulation on behalf of “A” University (“A” or the “University”) with respect to (1) its collective management of an endowment fund that includes the funds of organizations affiliated with the University, and (2) the offering, solicitation, and operation of multiple planned giving arrangements for donors to “A” (“Planned Giving Accounts”).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.