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ARTICLE · 25 NOVEMBER 2024

CFTC Adopts Amendments To Rule 4.7

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The Commodity Futures Trading Commission recently adopted a final rule amending CFTC Rule 4.7. CFTC Rule 4.7 provides an exemption from certain disclosure, recordkeeping and reporting requirements for registered commodity pool operators and registered commodity trading advisers offering services to "qualified eligible persons"

United StatesFinance and Banking
Jeffrey Collins
Jeffrey Collins
Benjamin Marsico
Benjamin Marsico
Ayah K. Zaidi
Ayah K. Zaidi
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The Commodity Futures Trading Commission (CFTC) recently adopted a final rule amending CFTC Rule 4.7. CFTC Rule 4.7 provides an exemption from certain disclosure, recordkeeping and reporting requirements for registered commodity pool operators (CPOs) and registered commodity trading advisers (CTAs) offering services to "qualified eligible persons" (QEPs). The final rule (i) increases the monetary thresholds to qualify as a QEP and (ii) codifies previously issued exemptive letters permitting CPOs of funds of funds operating under Rule 4.7 to distribute monthly account statements within 45 days of the end of the month, in addition to making other technical changes.

Qualified Eligible Persons

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