No-Action Relief from Introducing Broker and Commodity Trading Advisor registration for persons located outside the United States in connection with certain activities for customers that are International Financial Institutions.

Exemptive relief that was provided in CFTC Staff Letter 14-49 was granted with respect to: (1) additional proprietary commodity pools operated by a CPO referenced in that letter; and (2) a proprietary commodity pool operated by another CPO referenced in that letter. The CPOs provided the same representations provided in CFTC Staff Letter 14-49 and represented that they would comply with the conditions of the relief provided in that letter.

Exemptive relief granted to a CPO of a pool from the audit requirements of Commission regulation 4.22(d) with respect to the financial statements in the 2014 annual report of the pool. The participants in the pool are the COO of the CPO and the COO’s self-directed IRA and the CPO has provided waivers from the participants.

Exemptive relief granted to a CPO of a pool from the audit requirements of Commission regulation 4.22(d) with respect to the financial statements in the annual reports of the pool. The participants in the pool are three charitable remainder trusts formed by the sole owner and CEO of the CPO, who is also the sole income beneficiary of the trusts. The trustee of the trusts is the President of the CPO. The CPO has provided a waiver from the trustee.

Exemptive relief that was provided in CFTC Staff Letters 14-35 and 14-36 with respect to the requirements of Commission regulations 4.21, 4.22, and 4.25 was extended to the successor CPO of the trusts and series in those letters, subject to certain conditions, including the following: (1) the material business terms of the trusts and series do not change; (2) the investment experience of the shareholders does not change; (3) the only material change is the substitution of the CPO; (4) the representations made by the CPO in CFTC Letters 14-35 and 14-36 remain applicable; and (5) the successo

Exemptive relief granted to a CPO of certain segregated series of a pool that began operations in July 2014 from the audit requirements of Commission regulation 4.22(d) with respect to the financial statements in the 2014 annual reports of the segregated series. Each segregated series has one participant and the CPO has provided waivers from the participant in each segregated series.

Exemptive relief granted to a CPO of a segregated portfolio of a pool from the audit requirements of Commission regulation 4.22(d)with respect to the financial statements in the 2014 annual report of the segregated portfolio. The CPO has provided a waiver from the sole participant of the segregated portfolio.

Conditional no-action relief with respect to swaps trading on certain financial markets that are licensed in Australia and overseen by the Australian Securities & Investments Commission (ASIC).

The CPO of a commodity pool requested relief from the Annual Report filing and certification requirements in Regulations 4.22(c) and (d), and represented that the pool is closing, having been entirely proprietary since its inception; therefore, DSIO granted exemptive relief pursuant to Regulations 4.12(a) and 140.93 from the certification requirement in Regulation 4.22(d), conditioned upon the filing of an unaudited Annual Report in compliance with Regulation 4.22(c).

The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested exemptive relief from the annual report requirement in Regulation 4.7(b)(3) to allow the CPO to file an annual report for the pool for the period from January 1, 2014, through January 31, 2015. The CPO determined in January 2015 to wind up the pool’s operations. By January 31, the pool had permanently ceased trading and completed the winding up process by making its final distributions to the pool’s seven participants, all of whom consented by waiver to receive a 13-month annual report.