On August 14, 2012, the Commodity Futures Trading Commission (“CFTC”) Staff released guidance entitled “Division of Swap Dealer and Intermediary Oversight Responds to Frequently Asked Questions – CPO/CTA: Amendments to Compliance Obligations,” which discusses various compliance obligations of commodity pool operators (“CPOs”) and commodity trading advisors (“CTAs”) (the “Guidance”). The Guidance is in a question and answer format and is the CFTC Staff’s response to frequently asked questions relating to CTA/CPO registration and compliance obligations. This client alert discusses some of the highlights of the Guidance. The full Guidance can be accessed here. The CFTC Staff expects to update or revise the Guidance as needed.
For a detailed discussion of the recent changes in CFTC rules affecting hedge funds, including a discussion of the CPO and CTA registration process and the available exemptions from CPO and CTA registration and compliance obligations, please refer to our “Whitepaper” which can be accessed here (see alert below for link).
Please see full alert below for more information.
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