December 4, 2012

CFTC’s Division of Swap Dealer and Intermediary Oversight Issues a No-Action Letter for Business Development Companies

Washington, D.C. — The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter to operators of business development companies. The letter states that DSIO will not recommend that the CFTC take enforcement action against the operators of business development companies for failure to register as commodity pool operators under the Commodity Exchange Act and the CFTC’s regulations, subject to certain conditions described in the letter, including compliance with a de minimis trading threshold.

Last Updated: December 4, 2012