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ARTICLE · 13 FEBRUARY 2011

CFTC Votes To Propose Repeal Of Popular Registration Exemptions

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The Commodity Futures Trading Commission (the "CFTC") voted unanimously to propose several changes that will significantly impact funds that are currently operated as exempt commodity pools

United KingdomFinance and Banking
David Guin
David Guin
John Langan
John Langan
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The Commodity Futures Trading Commission (the "CFTC") voted unanimously to propose several changes that will significantly impact funds that are currently operated as exempt commodity pools.

On January 26, 2011, the Commodity Futures Trading Commission (the "CFTC") voted unanimously to propose several changes to the CFTC rules that, if approved, will have a direct and potentially significant impact on funds that are currently operated as exempt commodity pools.

Repeal of Registration Exemptions

Most significantly, the CFTC proposes to repeal two popular exemptions relied on by commodity pool operators ("CPOs"), the commodity funds themselves, and a related exemption relied upon by commodity trading advisors ("CTAs"), the fund's managers or advisers. Specifically, the CFTC would repeal:

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