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No-Action Letters

Date
No-Action Letters
02/13/1976
76-02 PDF Image; Section 5a(12); No-Action
The Division of Trading and Markets granted no-action relief to the Kansas City Board of Trade for failure to submit cash market rules to the Commission for approval while the Commission determined whether cash market rules are within CFTC jurisdiction.
04/12/1976
76-05 PDF Image; Section 4m(1); No-Action
The Office of General Counsel granted CTA registration no-action relief to a dealer of gold, silver, and other metals that distributed historical, statistical information regarding the prices of commodities for future delivery, along with comments, solely to its own customers at no charge. (OGC)
05/04/1976
76-11 PDF Image; Section 5a(12); No-Action
The Division of Trading and Markets granted no-action relief to the New York Cocoa Exchange in connection with its proposed change to Exchange Rule 3 that increased daily price limits for cocoa and limited the daily trading range for cocoa in any contract month. The relief was granted for a 60-day period as an interim measure to give the exchange time to adopt a variable price limit rule for cocoa.
09/09/1976
76-13A PDF Image; Section 4n; No-Action
The Office of General Counsel granted CTA disclosure no-action relief to an FCM required to register as a CTA by virtue of commodity trading advice engaged in that was not “solely incidental” to its business as an FCM. (OGC)
06/24/1976
76-14 PDF Image; Section 4m(1); No-Action
The Office of General Counsel granted CTA registration no-action relief to a company which advertised commodity trading services on behalf of a CTA and received checks from subscribers which it forwarded directly to the CTA. (OGC)
08/15/1976
76-21 PDF Image; Section 4m(1); No-Action
The Office of General Counsel granted no-action relief to the CPOs and CTAs involved in trading futures contracts, in both foreign and United States futures markets, through a registered FCM located in London, where all trading activity was done outside the United States by non-U.S. citizens. (OGC)

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