June 28, 2011

CFTC Staff to Host Public Roundtable to Discuss Proposed Changes to Registration and Compliance Regime for Commodity Pool Operators and Commodity Trading Advisors

Washington, DC — Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on July 6, 2011, from 9:00 a.m. to 2:00 p.m., to discuss issues related to the proposed changes to Commission Regulation 4.5 and the proposed rescission of Commission regulations 4.13(a)(3) and 4.13(a)(4). The roundtable will assist the CFTC in the rulemaking process.

The roundtable will be held in the Conference Center at the CFTC's headquarters at Three Lafayette Centre, 1155 21st Street, NW, Washington, DC. The discussion will be open to the public with seating on a first-come, first-served basis. Members of the public may also listen by telephone and should be prepared to provide their first name, last name and affiliation. Panelists will be announced at a later date.

Listening information:

US Toll-Free: 866-844-9416
International Toll:

A transcript of the public roundtable discussion will be published on the CFTC’s website at: /LawRegulation/DoddFrankAct/Rulemakings/DF_27_InvestAdviser/index.htm.

Members of the public wishing to submit their views on the topics addressed at the roundtable may do so via:

  • paper submission to David Stawick, Secretary, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, DC 20581; or
  • electronic submission by visiting CFTC's Comments Online.

All comments must be identified by RIN number 3038-AD30. All submissions provided to the CFTC in any electronic form or on paper may be published on the Commission’s website, without review and without removal of personally identifying information.

Agenda for the Public Roundtable Discussion:

9:00 a.m.

First Session—Commission Regulation 4.5



    a. Appropriate Threshold to Claim Exclusion.

    b. Marketing Restriction.

    c. Who Should Register as the CPO?

    d. Alternatives to the Proposal.

9:35 a.m.


9:40 a.m.

Second Session—Commission Regulation 4.5


Harmonization with Securities and Exchange Commission Requirements.

    a. Disclosure Requirements.

    b. Disclosure Delivery and Updating Requirements.

    c. Participant Reporting Requirements.

11:00 a.m.

Break for Lunch

12:00 noon

Third Session—Commission Regulation 4.5


Harmonization with Securities and Exchange Commission Requirements.

    a. Books and Records.

    b. Use of Controlled Foreign Corporations.

12:40 p.m.

Fourth Session—Commission Regulation 4.13(a)(3)


De Minimis Exemption.

    a. Appropriate Threshold to Claim Exemption.

    b. Alternative Standards.

1:25 p.m.


1:30 p.m.

Fifth Session—Commission Regulation 4.13(a)(4)


Alternative Exemptions.

    a. Family Offices.

    b. Foreign Commodity Pool Operators.

    c. Other Alternatives.

2:00 p.m.

Roundtable concludes

Last Updated: June 29, 2011