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
07/01/1986	86-13 ; Regulation 4.31;; No-Action The Division of Trading and Markets granted disclosure no-action relief to two CTAs offering advice exclusively to registered investment companies which had filed a Notice of Eligibility under Regulation 4.5. (T&M)
06/17/1986	86-05 ; Section 4(a);; No-Action The Office of General Counsel granted no-action relief to permit an export trading company that was a subsidiary of a bank holding company to solicit or accept orders for any commodity futures transaction conducted off a designated contract market, provided the Federal Reserve concurs that these activities are permissible under the Bank Holding Act and the export company does not offer these services to the general public.
05/07/1986	86-12 ; Section 4k(2);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to certain employees of a bank which were not involved in managing investment funds. (T&M)
04/29/1986	86-11 ; Sections 4m(1);; No-Action The Division of Trading and Markets issued CPO registration no-action relief to the operator of a partnership which, among other things, only traded commodity futures contracts in a manner incidental to its securities trading. (T&M)
04/04/1986	86-08 ; Regulation 4.5;; No-Action The Division of Trading and Markets granted CPO registration no-action relief to a trust comprised of multiple-employer pension plans, each of which would be a “qualifying entity” under Regulation 4.5(b). (T&M)
02/06/1986	86-07 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to the one member of a foreign fund’s board of directors who was a U.S. citizen. (T&M)
11/20/1985	85-22 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to a fund which was a non-profit membership corporation comprised of non-profit educational organizations only using commodity futures incidentally to long positions in other markets. Division staff stated that although the fund did not fall within 4.5, the fund should nonetheless be granted relief. (T&M)
11/08/1985	85-21 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CTA registration no-action relief to a company which only provided commodity trading advice to a single registered investment company. (T&M)
11/06/1985	86-05A ; Section 4m(1);; No-Action The Division of Trading and Markets granted CTA registration relief to an insurance company which limited its commodity future and options trading to accounts excluded from CPO registration under Regulation 4.5. (T&M)
10/16/1985	85-18 ; Section 4m(1);; No-Action The Division of Trading and Markets granted disclosure, reporting, and recordkeeping exemption and CPO registration, reporting and other no-action relief to a foreign company engaging in securities arbitrage trading activity in the United States, where the only U. S. person involved in the organization was a New York partnership which owned 10% of the company. (T&M)