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ARTICLE · 17 SEPTEMBER 2024

CFTC Finalizes Amendments To Rule 4.7

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On September 12, 2024, the Commodity Futures Trading Commission (CFTC) finalized the first major changes to CFTC Regulation 4.7 (Rule 4.7) in over 30 years.

United StatesFinance and Banking
Jan-Paul Bruynes
Jan-Paul Bruynes
Brian T. Daly
Brian T. Daly
Jason M. Daniel
Jason M. Daniel
Barbara Niederkofler
Barbara Niederkofler
William V. de Cordova
William V. de Cordova
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On September 12, 2024, the Commodity Futures Trading Commission (CFTC) finalized the first major changes to CFTC Regulation 4.7 (Rule 4.7) in over 30 years. Among other technical revisions, the amendments to Rule 4.7, generally double the monetary thresholds for certain investors, including natural persons, to be "Qualified Eligible Persons" (QEPs) under Rule 4.7 and allow commodity pool operators (CPOs) of funds of funds additional time to provide periodic account statements. The CFTC did not, however, pass the more onerous minimum disclosure requirements for CPOs and commodity trading advisors (CTAs) that rely on Rule 4.7 that it had initially proposed.

Additional Disclosure Requirements Not Finalized

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