August 14, 2012

CFTC’s Division of Swap Dealer and Intermediary Oversight Responds to Questions Regarding Recent Amendments to Compliance Obligations for Commodity Pool Operators and Commodity Trading Advisors

Responses Intended to Provide Additional Guidance to Affected Market Participants

Washington, DC – The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a set of responses to frequently asked questions (FAQs) regarding compliance obligations for Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs).  The FAQs address a variety of issues/concerns related to the compliance obligations for CTAs and CPOs that were raised over the past several months by a number of market participants.  The issues/concerns include: compliance dates, wholly owned subsidiaries, trading limits, and the process for transitioning from an exemption from registration under Commission regulation 4.13(a)(4) to either registering or claiming another exemption.  DSIO staff anticipates supplementing or revising the FAQs as needed.

Last Updated: August 14, 2012