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All Letters

Date
All Letters
01/08/2015
15-01 PDF Image; Parts 20, 45 and 46; No-Action
Time-Limited Extension of the No-Action Relief Provided in CFTC Letter No. 13-41 regarding the reporting of identifying information under Parts 20, 45 and 46.
01/23/2015
15-02 PDF Image; Regulations 1.10 and 1.17; No-Action
Request for No-Action Relief for Introducing Brokers’ Compliance with Certain Financial Reporting and Capital Computation Requirements under Regulations 1.10 and 1.17.
02/10/2015
15-03 PDF Image; Parts 17, 18 and 20 of the Commission’s Regulations; No-Action
The Division of Market Oversight (DMO) is issuing a no-action letter that provides additional time for reporting parties to comply with certain reporting requirements of the ownership and control final rule (the OCR Final Rule), which was published in the Federal Register on November 18, 2013. This no-action letter replaces a previous DMO no-action letter on the OCR Final Rule (CFTC Letter No. 14-95).
02/12/2015
15-04 PDF Image; CEA section 5h(a)(1); Commission Regulation 37.3(a)(1); No-Action
Extension of conditional time-limited no-action relief for Yieldbroker Pty Limited with regard to Section 5h(a)(1) of the Commodity Exchange Act and Commission Regulation 37.3(a)(1) until May 15, 2015.
02/27/2015
15-05 PDF Image; Section 4(c)(6); No-Action
Extension of time-limited no-action relief with respect to certain Commodity Exchange Act provisions that may apply to Southwest Power Pool, Inc. and/or its participants
01/30/2015
15-06 PDF Image; 4.7(b)(3), 4.12(a), 4.22(d)(1), and 140.93; Exemption
The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested exemptive relief from the requirement in Regulations 4.7(b)(3) and 4.22(d)(1) that the financial statements in the pool’s annual report be audited. At the end of the 2014 fiscal year, the pool had four participants, a controlling principal of the CPO who oversees the daily operations of both the CPO and the pool; two entities owned and managed by the principal; and one outside investor. 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, and distribution to the single outside investor, of an uncertified annual report for the 2014 fiscal year that otherwise complies with the provisions of Regulation 4.7(b)(3).
01/30/2015
15-07 PDF Image; 4.7(b)(3), 4.12(a), 4.22(d)(1), and 140.93; Exemption
The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested exemptive relief from the requirement in Regulations 4.7(b)(3) and 4.22(d)(1) that the financial statements in the pool’s annual report be audited. At the end of the 2014 fiscal year, the pool had two participants, a controlling principal of the CPO who oversees the daily operations of both the CPO and the pool, and an LLC owned and managed by the principal. 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).
01/28/2015
15-08 PDF Image; 4.7(b)(3), 4.12(a), 4.22(d)(1), and 140.93; Exemption
The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested exemptive relief from the requirement in Regulations 4.7(b)(3) and 4.22(d)(1) that the financial statements in the pool’s annual report be audited. At the end of the 2014 fiscal year, the pool had just two participants, who are the partners of the CPO. 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).
01/28/2015
15-09 PDF Image; 4.7(b)(3), 4.12(a), and 140.93; Exemption
The CPO of three commodity pools operating pursuant to an exemption under Regulation 4.7 requested exemptive relief from the annual report requirement in Regulation 4.7(b)(3) to permit it to file an Annual Report for the pools for the period from their inception of trading, September 2, 2014, to December 31, 2015. The pool participants signed subscription documents, acknowledging the terms of the Pools’ offering memorandum, which included the CPO’s intent to file and distribute a 16-month Annual Report for the Pools’ first fiscal year. DSIO granted relief pursuant to Regulations 140.93 and 4.12(a) conditioned upon the future filing and distribution of a certified Annual Report for the period from September 2, 2014, to December 31, 2015, in compliance with Regulation 4.7(b)(3).
02/03/2015
15-10 PDF Image; Regulations 4.7(b)(3), 4.12(a), 140.93; Exemption
The CPO of two commodity pools, both 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 pools for the period from December 1, 2014, the date the pools began operations, to December 31, 2015. The CPO submitted signed waivers from its four pool participants, indicating their consent to receive such an annual report. DSIO granted relief pursuant to Regulations 4.12(a) and 140.93 conditioned upon the future filing and distribution of a certified Annual Report for the period from December 1, 2014 to December 31, 2015.
02/03/2015
15-11 PDF Image; Regulations 4.7(b)(3), 4.12(a), 140.93; Exemption
The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested exemptive relief from that regulation’s annual report requirement, in order to permit the CPO to file an annual report for the period from January 1, 2014, to January 9, 2015, the date that the pool’s last asset was liquidated after it ceased trading on December 31, 2014. The pool had one participant, an affiliate of the CPO, who consented to receive such an annual report, and 95% of the pool’s assets had already been distributed at the time of the request. The Division granted the exemptive relief pursuant to Commission Regulations 4.12(a) and 140.93, and conditioned such relief on the future filing and distribution of a certified annual report for the period of January 1, 2014 through January 9, 2015.
02/03/2015
15-12 PDF Image; Regulations 4.7(b)(3), 4.12(a), 140.93; Exemption
The CPO of a commodity pool operated pursuant to an exemption under Regulation 4.7 requested relief from the requirements in Regulations 4.7(b)(3) and 4.22(d) to file and distribute to participants an annual report containing audited financial statements. Though initially marketed to outside investors, the pool became and will remain proprietary in nature, the participants being the CPO and accounts owned by the CPO’s managing member. DSIO granted relief from the certification requirement, on the condition that the CPO file an annual report otherwise complying with Regulations 4.7 and 4.22.
02/03/2015
15-13 PDF Image; Regulations 4.7(b)(3), 4.12(a), 140.93; Exemption
The CPO of two commodity pools, both 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 pools for the period from November 3, 2014, the date the pools began trading, to December 31, 2015. The CPO stated that one pool feeds into the other, and though solicitation is ongoing, the only participant in the feeder pool currently is the CPO’s CEO. DSIO granted relief pursuant to Regulations 4.12(a) and 140.93 conditioned upon the future filing and distribution of a certified Annual Report for the period from November 3, 2014 to December 31, 2015.
03/23/2015
15-14 PDF Image; 17 CFR Parts 15, 17, 18 and 20; Advisories; Other Written Communication
Staff advisory from the Divisions of Market Oversight and Swap Dealer and Intermediary Oversight to remind futures commission merchants, clearing members, foreign brokers, swap dealers, and certain reporting markets of their obligation to obtain information on a timely basis from their customers or counterparties in order to comply with the ownership and control reports (OCR) final rule.
03/27/2015
15-15 PDF Image; 3.3(f)(2); No-Action
The no-action letter gives relief from the timing requirements of 3.3(f)(2) for filing the Chief Compliance Officer Annual Report. The relief gives an additional 30 days to file the report.

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