The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested exemptive relief from the requirement in Regulation 4.22(d)(1) that the financial statements in the pool’s annual report be audited. The pool began operations in January 2014, and at the end of the 2014 fiscal year, had two proprietary participants. DSIO granted relief from the audit requirement for the 2014 annual report pursuant to Regulations 4.12(a) and 140.93, conditioned upon the filing of an uncertified annual report for the 2014 fiscal year that otherwise complies with the provisions of Regulation 4.7(b)(3).