Recently, the Commodity Futures Trading Commission (CFTC) finalized several amendments to the registration and compliance requirements for commodity pool operators (CPOs), including rescinding the exemption from CFTC registration provided in Rule 4.13, according to hedge fund law firm Rothstein Kass.
The rescission of 4.13 has forced fund managers to reassess their trading in commodity interests as part of an effort to determine whether they can avail themselves of an alternative exemption from CFTC registration.
Although the 4.13 exemption was effectively repealed as of April 24, 2012, managers currently utilizing this exemption for one or more of their pools can continue to rely on it until December 31, 2012. Read more of this article.
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