September 9, 2014

CFTC Staff Issues Exemptive Letter to Commodity Pool Operators Expanding the List of Permissible Third-Party Recordkeepers

Washington, DC — The U.S. Commodity Futures Trading Commission’s (Commission) Division of Swap Dealer and Intermediary Oversight (DSIO) recently issued an exemptive letter that allows commodity pool operators (CPOs) to use additional recordkeepers beyond those enumerated in Commission regulations 4.7(b)(4) and 4.23(c).

DSIO notes in the letter that the CPO remains responsible for producing such records upon request by the Commission and would be liable for any failure to maintain the books and records in the manner prescribed by Commission regulation.

Last Updated: September 9, 2014