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
02/02/1988	88-05 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CTA registration no-action relief to a registered investment adviser who sought to provide commodity interest trading advice to a foreign fund in a manner solely incidental to its business of providing securities advice to the fund. (T&M)
01/28/1988	88-06 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO and CTA registration no-action relief to two U.S. directors of an offshore fund having no U.S. investors, where two other U.S. directors were registered CPOs. (T&M)
12/04/1987	87-11 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO registration no-action relief in connection with the operation of an employee retirement plan. (T&M)
12/02/1987	87-09 ; Regulations 30.6 and 166.2;; No-Action The Division of Trading and Markets granted no-action relief from requirements applicable to risk disclosure and discretionary authorization to FCMs and IBs in connection with clients solicited prior to January 4, 1988, the effective date of the amendment to Regulation 166.2, subject to limitations outlined by Division staff. (T&M)
11/09/1987	87-08 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to the general partners of a partnership because of the longstanding investment affiliation of the partners, the nature of the commodity interest trading, and the limited assets which would be dedicated to commodity futures and options. (T&M)
09/29/1987	87-05 ; Section 2(a)(1)(A) and Regulation 4.10(d);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to a school and its agents and employees in connection with an educational marketing club, provided certain conditions were met. (T&M)
12/11/1986	86-31 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CTA registration no-action relief to a bank, provided certain conditions were met. (T&M)
12/11/1986	86-30 ; Section 4m(1);; No-Action The Division of Trading and Markets issued CPO registration no-action relief to the general partner of a limited partnership, where the general partner had limited responsibility and authority over the partnership’s commodity interest trading activity. (T&M)
10/01/1986	86-24 ; Section 4m(1);; No-Action Interpretation and No-Action; The Division of Trading and Markets issued an interpretive letter stating that stating that certain insurance company activities were “solely incidental” to a company’s business and therefore would not place the company within the definition of a CTA. Although Division staff did require certain actions to be taken by the company, it granted CTA registration no-action relief in consideration of a House of Representatives Committee on Agriculture Report responding to a proposal to exclude certain activities of the insurance industry from the CTA definition. (T&M)
07/03/1986	86-19 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to the operator of a limited partnership composed of related limited partners which was adding a general partner. Division staff outlined the reasons and conditions of this position, including the close nature of the limited partners and the limitations on the general partner’s activities. (T&M)