Regulatory Alerts2016-08-05 | 2016-18400Commodity Pool Operator Annual Report
The Commodity Futures Trading Commission proposes amendments to Regulation 4.22 to permit commodity pool operators to use accounting standards from the U.K., Ireland, Luxembourg, or Canada in addition to IFRS for Annual Reports. The proposal also creates an exemption from the audit requirement for a pool's first fiscal year if that period is three months or less and specific participant and capital thresholds are met. Additionally, the Commission seeks to prevent pools from claiming audit relief upon early termination if they have not previously distributed an audited Annual Report.
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