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
04/06/1993	93-32 ; Regulation 3.12;; No-Action The Division of Trading and Markets granted AP registration no-action relief to certain bank and trust company employees to permit them to sell pool participations to QEPs. (T&M)
04/06/1993	93-30 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO and CTA registration no-action relief to a registered CBOT broker dealer and market maker that proposed hedging OEX options contracts through the use of S&P 500 index futures contracts. (T&M)
03/31/1993	93-33 ; Regulation 4.7;; No-Action The Division of Trading and Markets permitted a CPO to treat certain non-QEPs as QEPs, where the non-QEPs were either general partners or senior managers of affiliates of the CPO. (T&M)
03/26/1993	93-23 ; Sections 4a, 5a(8), 6(a), 6b, 6c, 6(b), 6(c) and Regulations Part150;; No-Action The Division of Economic Analysis granted temporary no-action relief to the CBT and any trader for exceeding the individual month speculative position limits in the exchange's corn, oats, soybeans, soybean meal, soybean oil and wheat futures contracts to the extent that such positions are spread or arbitrage positions between single months of the futures contract outside of the spot month; provided, however, that such spread or arbitrage positions, when combined with any outright positions in the single month, do not exceed twice the single-month level for that contract. This position was based upon the pending CFTC proposal to increase the individual-month speculative position limits and the fact that the Division has reviewed actual conditions in these markets and notes that current market conditions do not appear to be inconsistent with the granting of such limited, interim relief. Further, the no-action position was only effective until September 30, 1993, or until the effective date of any amendments to Part 150 of the rules, whichever was sooner.
03/09/1993	93-15 ; Regulation 3.10;; No-Action The Division of Trading and Markets relieved an IB from the requirement to list as a principal of the firm the holder of a subordinated note. (T&M)
03/08/1993	93-14 ; Regulation 1.10;; No-Action The Division of Trading and Markets permitted an IB to be a party to a guarantee agreement with two FCMs and to introduce customers to both firms. (T&M)
03/03/1993	93-22 ; Section 4d;; No-Action The Division of Trading and Markets granted FCM registration no-action relief to a cotton warehouse in connection with its acting as an intermediary by delivering producers? cotton against short cotton contracts the producers had executed on the NYCE. (T&M)
02/25/1993	93-12 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO and CTA registration no-action relief in connection with operating and advising an offshore fund, where the fund would have as its sole participant a single Japanese institutional investor, and where the pool?s activities would occur outside the U.S., no infusion of U.S. dollars would be made to the pool, and there would be no other U.S. participants. (T&M)
02/16/1993	93-09 ; Section 4m(1);; No-Action The Division of Trading and Markets granted CPO registration no-action relief to one of the general partners of the fund, where he was listed as a principal of the other GP, would limit his activities, and would be jointly and severally liable with the registrant for CPO violations. (T&M)
02/10/1993	93-11 ; Regulation 4.32;; No-Action The Division of Trading and Markets permitted a CTA to claim relief under Regulation 4.7, notwithstanding that its QEC client wished its identity to remain confidential. (T&M)