The Division of Clearing and Intermediary Oversight granted exemptive relief from certain of the Part 4 regulations to the registered CPO of two commodity pools, whose shares the CPO intended to publicly offer and list for trading on a national securities exchange. As is discussed in the letter, this relief was in the nature of substituted compliance with those regulations.

The Division of Clearing and Intermediary Oversight granted exemptive relief from certain of the Part 4 regulations to the registered CPO of a commodity pool, whose shares the CPO intended to publicly offer and list for trading on a national securities exchange. As is discussed in the letter, this relief was in the nature of substituted compliance with those regulations. Exemptive relief was also provided with respect to future commodity pools with the same structural and operational features as the CPO’s existing pool.

The Division of Clearing and Intermediary Oversight granted exemptive relief from certain of the Part 4 regulations to the registered CPO of two commodity pools, whose shares the CPO intended to publicly offer and list for trading on a national securities exchange. As is discussed in the letter, this relief was in the nature of substituted compliance with those regulations.

The CPO of a commodity pool requested relief from Commission Regulations 4.22(c) and (d), which require the filing and distribution of a certified Annual Report for the pool. The pool began trading in 2007 and had a net asset value of $1X,XXX. The CPO submitted signed waivers from the pool’s eight participants consenting to the exemption from the certified annual relief requirement.

The CPO of two commodity pools requested exemptive relief to permit it to file Annual Reports for the pools for the period from the inception of trading on November 1, 2009 through December 31, 2010. The pools had a total of three participants at the end of the pool’s fiscal year and a net asset value of $3,XXX,XXX and $5X,XXX,XXX. The CPO submitted waivers from the participants evidencing their consent to the relief requested. DCIO granted relief pursuant to Commission Regulations 140.93 and 4.12(a).

The CPO of a commodity pool requested exemptive relief to permit it to file an Annual Report for the period from the inception of trading in November 2009 through December 31, 2010. The pool had three participants at the end of the pool’s fiscal year and a net asset value of $1XX,XXX. The CPO submitted waivers from the participants evidencing their consent to the relief requested. DCIO granted relief pursuant to Commission Regulations 140.93 and 4.12(a).

The CPO of a commodity pool requested exemptive relief to permit it to file an Annual Report for the period from the inception of trading in October 2009 through December 31, 2010. The pool had one participant at the end of the pool’s fiscal year and a net asset value of $2XX,XXX. The CPO submitted a waiver from the participant evidencing her consent to the relief requested. DCIO granted relief pursuant to Commission Regulations 140.93 and 4.12(a).

The CPO of a commodity pool that operates pursuant to an exemption under Regulation 4.7 requested exemptive relief to permit it to file a final annual report for the period from January 1, 2009 through the permanent cessation of trading on March 31, 2010. The pool had five participants at the end of the pool’s fiscal year and a net asset value of $66,XXX,XXX. The CPO submitted waivers from the participants evidencing their consent to the relief requested. DCIO granted relief pursuant to Commission Regulations 140.93 and 4.12(a).

The CPO of a commodity pool requested relief from Commission Regulations 4.22(c) and (d), which require the filing and distribution of a certified Annual Report for the pool. The pool began trading in August 2008 and had a net asset value of $3XX,XXX. The CPO submitted signed waivers from the pool’s participants consenting to the exemption from the certified annual relief requirement.

The CPO of a commodity pool requested relief from Commission Regulations 4.22(c) and (d), which require the filing and distribution of a certified Annual Report for the pool. Additionally, the CPO requested relief from the distribution and filing of an uncertified Annual Report. The pool began trading in June 2007 and had a net asset value of $2XX. The pool had no nonproprietary participants, and has plans to resume trading commodity interests and offering interests in the pool in 2010.