CFTC Staff Letters Archive

CFTC Staff Letters Archive provides Letters from 2007 and earlier. For Letters published 2008 or later visit the All Letters page.

There are no Advisory Letters or Other Written Communications for 2007 or earlier.

Date	PDF and Description
06/05/1990	90-09 ; Regulation 1.55;; No-Action The Division of Trading and Markets provided relief to the London branch of a U.S. FCM from delivering to its non-U.S. customers the Commission’s specified risk disclosure statement, since U.K. law provided for the dissemination of a comparable risk disclosure statement. (T&M)
04/25/1990	90-4 OETF ; Sections 4(a) and 4c and Regulation 32.11;; No-Action The Off-Exchange Task Force granted no-action relief to Salomon Inc (SI), Salomon Brothers Inc (SBI) and Philbro Energy, Inc. (PEI) to permit the execution and performance of light sweet crude oil contracts and related crude oil transactions by SI, PEI, and the Trustee acting on behalf of the Trust (which will issue certificates of beneficial interest [Trust units] to investors, the proceeds of which will be delivered to PEI in exchange for crude oil contracts which will be deposited in the Trust), and the Advisor (engaged by the Trustee), and the offer and sale of, and secondary market transactions in, Trust units by SBI and others.
03/02/1990	90-02 ; Section 4c and Regulation 34.2;; No-Action Since the regulatory supervision provided by the Banking Department of the State of New York to branches and agencies of foreign banks it licenses to conduct the business of banking in the state of New York is comparable to the regulatory supervision provided by U.S. federal banking authorities to the U.S. branches or agencies of foreign banks as contemplated by Regulation ?34.2(a)(1)(vii), the Off-Exchange Task Force granted no-action relief to permit any branch or agency of a foreign bank located within the state of N.Y. which is licensed, regulated, supervised and examined by the Banking Department to market and sell hybrid instruments in compliance with the requirements of Part 34 except for the requirements of Reg. ?34.2(a)(1)(vii) concerning the regulation, supervision or examination of such branches or agencies by U.S. federal banking authorities.
11/09/1989	89-13 ; Regulation 3.15;; No-Action The Division of Trading and Markets permitted a U.S. domiciled IB of a Canadian affiliate to designate its president as the sole principal for purposes of its IB registration, based on the representations it had made to Division staff. (T&M)
10/18/1989	89-12 ; Regulation 4.22(c)(4);; No-Action The Division of Trading and Markets relieved a CPO from the requirement to include a Statement of Cash Flow or Changes in Financial Position in its pool’s annual report, provided certain conditions were met. (T&M)
08/15/1989	89-11 ; Section 4d;; No-Action The Division of Trading and markets granted FCM registration no-action relief a foreign bank, provided that certain conditions were met. (T&M)
06/22/1989	89-07 ; Section 4d;; No-Action The Division of Trading and Markets granted FCM registration no-action relief to a foreign bank, provided that certain conditions were met. (T&M)
06/05/1989	89-06 ; Regulation 30.6;; No-Action The Division of Trading and Markets permitted U.K. firms who previously had been granted interim relief to avail themselves of the full relief granted in the Commission’s orders dated May 15, 1989, regarding the use of risk disclosure statements for clients who were customers of their firms prior to January 4, 1988. (T&M)
03/01/1989	89-02 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CTA registration no-action relief to a registered investment adviser who would provide commodity interest trading advice to its insurance clients in a manner solely incidental to its providing securities advice to the clients. (T&M)
12/08/1988	89-05 ; Regulation 30.10;; No-Action The Division of Trading and Markets permitted a foreign bank having a U.S. branch to claim relief under 30.10, such that, and subject to compliance with certain conditions, its U.S. branch was not required to register as an introducing broker. (T&M)