Casting The Net - Will You Be Caught By US Rules Affecting UK Fund Managers?

Recent changes to the Commodity Exchange Act (the "CEA") required under the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd Frank") to expand the definition of Commodity Pool Operator ("CPO") so as to include those managing funds utilising swaps, together with changes by the Commodity Futures Trading Commission ("CFTC") in relation to its Regulation 4.5 exemption to registration, are likely to significantly increase the number of UK fund managers (with US investors or trading in the United States) who will be required to register as a CPO with the CFTC. Are you one of the UK fund managers potentially affected? Is there anything you can do about this? Click here for further details.