CFTC Staff Letters

CFTC Staff Letters provides Letters from 2008 and later. For Letters published before 2008 visit the Letters Archive page.

PDF Description
PDF Image 14-145 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.22, 4.24
Tags: Disclosures, Pool Participant, Reporting
Issuance Date:
Description:

The Division of Swap Dealer and Intermediary Oversight granted exemptive relief from the financial statement requirements of Commission regulations 4.22 and the disclosure requirements of Commission regulation 4.24(s) to the commodity pool operator (the “CPO”) of an insurance-linked securitization vehicle (the “ILS Vehicle”) with respect to the ILS Vehicle; provided, that the CPO satisfies certain conditions for relief relating to the management of the ILS Vehicle, the disclosure of additional information concerning the ILS Vehicle, and the calculation of the net asset value of the ILS Vehicle.


PDF Image 14-142 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7
Tags: CPO, Exemption
Issuance Date:
Description:

DSIO granted exemptive relief to the operators of funds to provide monthly account statements to participants within 45 days of the month end rather than provide quarterly account statements within 30 days of the quarter end.


PDF Image 14-128 Letter Type: Exemption
Division: DSIO
Regulation Parts: 3.55, 4.7(b)(3), 4.22
Tags: Annual Report, CPO, Exemptions, Pool Participant, Registration, Reporting
Issuance Date:
Description:

Exemption from requirement that a pool’s financial statement be audited by independent public accountants.


PDF Image 14-125 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7(b)(3), 4.22
Tags: Annual Report, CPO, Exemptions, Pool Participant, Reporting
Issuance Date:
Description:

The Division of Swap Dealer and Intermediary Oversight granted the exemptive relief provided in CFTC Staff Letter 14-49 for additional commodity pools of that commodity pool operator that satisfied the conditions of that letter.


PDF Image 14-124 Letter Type: No-Action, Exemption
Division: DCR
Regulation Parts: 1.20, 1.49, 22.5
Tags: Acknowledgement, Customer, FCM, Funds, Segregated
Issuance Date:
Description:

No-action relief for LCH.Clearnet Limited with regard to Regulations 1.20(g)(4) and 22.5, and an exemption from the requirements of Regulation 1.49(d)(3) for customer accounts held at the Bank of England.


PDF Image 14-123 Letter Type: No-Action, Exemption
Division: DCR
Regulation Parts: 1.20, 1.49
Tags: Customer, Funds, Segregated
Issuance Date:
Description:

No-action relief for ICE Clear Europe Limited with regard to Regulation 1.20(g)(4), and an exemption from the requirements of Regulation 1.49(d)(3) for customer accounts held at the Bank of England.


PDF Image 14-116 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7, 4.13
Tags: CPO, Exemption, Registration
Issuance Date:
Description:

The Division provided exemptive relief from certain provisions of Regulations 4.7(b) and 4.13(a)(3) that, among other things, restrict marketing to the public. This letter harmonizes these Commission regulations with Rule 506(c) of Regulation D and Rule 144A, which, as amended by the Securities and Exchange Commission pursuant to the Jumpstart Our Business Startups Act of 2012, permit general solicitation or general advertising, subject to specific conditions.


PDF Image 14-115 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.27
Tags: Large Pool, Reporting
Issuance Date:
Description:

DSIO provided a letter that exempts commodity pool operators that are registered, but only operate pools pursuant to Commission Regulations 4.5 or 4.13(a)(3), from reporting on Form CPO-PQR.


PDF Image 14-114 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7(b)(3), 4.23
Tags: Annual Report, CPO, Exemptions, Pool Participant, Reporting
Issuance Date:
Description:

DSIO provided an exemptive letter that enables commodity pool operators to use additional recordkeepers beyond those enumerated in Commission Regulations 4.7(b)(4) and 4.23(c).


PDF Image 14-103 Letter Type: Exemption
Division: DSIO
Regulation Parts: 4.7(b)(3), 4.22
Tags: Annual Report, CPO, Exemptions, Pool Participant, Reporting
Issuance Date:
Description:

Exemption permitting CPO to file a single Annual Report for the period from inception of trading on September 1, 2013 through the end of fiscal year 2014.