NFA Issues Guidance on Annual Affirmation Requirement for CPO and CTA Exemptions

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Explore:  Commodity Pool CPO CTA

[authors: Kenneth M. Rosenzweig James M. Brady]

Commencing in 2012, each person or entity claiming an exemption from commodity pool operator (CPO) or commodity trading advisor (CTA) registration must annually affirm the applicable exemption within 60 days of the end of each calendar year. Any person or entity that does not affirm its applicable CPO or CTA exemption will be deemed to have requested to withdraw the exemption. The affirmation process can be completed through the National Future Association’s online exemption system.

More information is available here.

 

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CPO
CTA

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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