Regulatory Alerts2020-06-12 | 2020-12034Exemption From Registration for Certain Foreign Persons Acting as Commodity Pool Operators of Offshore Commodity Pools
The Commodity Futures Trading Commission proposes amending regulation 3.10(c) to allow non-U.S. commodity pool operators to claim an exemption from registration on a pool-by-pool basis. The proposal introduces a safe harbor for offshore pools with uncertain U.S. participant status and permits U.S. control affiliates to contribute initial capital without disqualifying the operator. This rulemaking seeks to align regulatory requirements with the global nature of commodity pool operations while maintaining protections for U.S. persons.
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