RELEASE Number
7068-14

November 25, 2014

CFTC Staff Issues No Action Relief for Family Offices from Commodity Trading Advisor Registration

Washington, DC — The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) issued a no-action letter providing family offices relief from commodity trading advisor registration, in connection with advisory services they provide to family clients.

In order to receive relief, a family office must submit a claim to the Division and remain in compliance with the exclusion for family offices from the definition of investment adviser, adopted by the Securities and Exchange Commission in 2011.

Last Updated: November 25, 2014