The Commodity Futures Trading Commission, by a 3-2 vote on October 15, 2020, adopted amendments to Part 150 of the CFTC Regulations (Amendments). Part 150 currently imposes federal speculative position limits on nine futures...more
11/4/2020
/ Capital Markets ,
CFTC ,
Commodities ,
Derivatives ,
Exemptions ,
Financial Regulatory Reform ,
Futures ,
New Amendments ,
Position Limits ,
Regulatory Agenda ,
Rulemaking Process
The Commodity Futures Trading Commission published in the Federal Register on June 24, 2020 its final interpretive guidance concerning retail commodity transactions involving certain digital assets (2020 Guidance).1 The 2020...more
CFTC Also Proposes Amendments to Help Non-U.S. CPOs and Extends its Uncleared Swap Margin Phase-In Schedule -
During the period from late May 2020 through early June 2020, the Commodity Futures Trading Commission held...more
8/6/2020
/ CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
CPOs ,
Disqualification ,
Dodd-Frank ,
Exemptions ,
Interim Final Rules (IFR) ,
Margin Requirements ,
Swaps ,
Uncleared Swaps
The U.S. Securities and Exchange Commission on November 25, 2019 unanimously approved for publication a rule proposal related to the use of derivatives and certain other transactions by companies that have elected to be...more
1/11/2020
/ BDC ,
Business Development Companies ,
CFTC ,
Commodities ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Derivatives ,
Investment Adviser ,
Investment Company Act of 1940 ,
NFA ,
Notification Requirements ,
Proposed Amendments ,
Public Comment ,
Recordkeeping Requirements ,
Registered Investment Companies (RICs) ,
Reporting Requirements ,
Repurchase Agreements ,
Rule 18f-4 ,
Securities and Exchange Commission (SEC) ,
Swaps
The Commodity Futures Trading Commission published in the Federal Register on December 10, 20191 amendments to five different aspects of the regulatory framework applicable to certain commodity pool operators (CPOs) and...more
Director Joshua B. Sterling of the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO or Division) delivered several speeches in September and early October 2019, setting forth certain guiding principles and the...more
10/11/2019
/ Asset Management ,
CFTC ,
Commodities ,
CPAs ,
CPOs ,
DSIO ,
Libor ,
Margin Requirements ,
No-Deal Brexit ,
Regulatory Agenda ,
Swap Dealers ,
Swaps
On March 6, 2019, the Commodity Futures Trading Commission (“CFTC”) published an Enforcement Advisory describing the circumstances in which companies that self-report violations of the Foreign Corrupt Practices Act (“FCPA”)...more
3/11/2019
/ Advisory Opinions ,
Anti-Bribery ,
Anti-Corruption ,
CFTC ,
Commodities ,
Commodities Traders ,
Commodity Exchange Act (CEA) ,
Department of Justice (DOJ) ,
Enforcement Guidance ,
Foreign Corrupt Practices Act (FCPA) ,
Securities and Exchange Commission (SEC) ,
Self-Reporting ,
Swaps ,
Voluntary Disclosure ,
White Collar Crimes
The Commodity Futures Trading Commission issued a Notice of Proposed Rulemaking on October 9, 2018 to amend certain aspects of the current regulatory framework applicable to commodity pool operators (CPOs) and commodity...more
11/7/2018
/ Business Development Companies ,
CFTC ,
Commodities ,
Commodity Pool ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Deregulation ,
Exemptions ,
No-Action Letters ,
Non-US Entities ,
Proposed Amendments
The U.S. Commodity Futures Trading Commission (CFTC) scored a victory in its effort to assert jurisdiction over portions of the cryptocurrency and initial coin offering (ICO) markets last week, as a federal district judge...more
3/26/2018
/ CFTC ,
Commodities ,
Commodity Exchange Act (CEA) ,
Commodity Trading Advisors (CTAs) ,
CPO ,
Cryptocurrency ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Fraud ,
Initial Coin Offering (ICOs) ,
Jurisdiction ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
The U.S. federal securities laws and the rules of U.S. self regulatory organizations (such as the Financial Industry Regulatory Authority) impose certain reporting and compliance obligations on investment advisers and funds....more
1/24/2018
/ Beneficial Owner ,
Benefit Plan Sponsors ,
CFTC ,
Commodities ,
Commodity Trading Advisors (CTAs) ,
Compliance ,
CPO ,
Cross-Border Transactions ,
Department of Labor (DOL) ,
Derivatives ,
Employee Retirement Income Security Act (ERISA) ,
Equity Securities ,
Filing Deadlines ,
Filing Requirements ,
Financial Industry Regulatory Authority (FINRA) ,
Foreign Investment ,
Form 13F ,
Form ADV ,
Form D Filing ,
Form PF ,
Investment Adviser ,
Investment Funds ,
Investors ,
NFA ,
Offerings ,
Private Funds ,
Private Placements ,
Registered Investment Advisors ,
Reporting Requirements ,
Schedule 13D ,
Securities and Exchange Commission (SEC) ,
Securities Traders ,
Securities Violations ,
Self-Certification ,
Verification Requirements ,
Virtual Currency
The Chicago Mercantile Exchange (CME) and the CBOE Futures Exchange (CFE) on December 1, 2017 self-certified contracts for bitcoin futures products with the U.S. Commodity Futures Trading Commission (CFTC). Additionally, on...more
12/20/2017
/ Bitcoin ,
Block Trades ,
CBOE Futures Exchange (CFE) ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Commodities ,
Commodities Traders ,
Commodity Futures Contracts ,
Commodity Trading Advisors (CTAs) ,
CPOs ,
Cryptocurrency ,
Exchange-Traded Products ,
NFA ,
Registered Investment Companies (RICs) ,
Securities and Exchange Commission (SEC) ,
Self-Certification ,
Virtual Currency
The U.S. Commodity Futures Trading Commission’s (CFTC) LabCFTC office on October 17, 2017 issued A CFTC Primer on Virtual Currencies (Primer) indicating, among other things, that certain initial coin offerings (ICOs) within...more
10/23/2017
/ Bitcoin ,
CFTC ,
Commodities ,
Derivatives ,
FinTech ,
Initial Coin Offering (ICOs) ,
Jurisdiction ,
New Guidance ,
Popular ,
Risk Factors ,
Securities and Exchange Commission (SEC) ,
Virtual Currency
Against a backdrop of changing markets, rapidly evolving technology and increased jurisdiction, the U.S. Commodity Futures Trading Commission (CFTC) – the regulatory agency with responsibility for oversight of the U.S....more
6/29/2017
/ Amended Regulation ,
Blockchain ,
CFTC ,
Comment Period ,
Commodities ,
Commodity Exchange Act (CEA) ,
Commodity Trading Advisors (CTAs) ,
CPO ,
Deregulation ,
Derivatives ,
FinTech ,
LabCFTC ,
Over The Counter Derivatives (OTC) ,
Recordkeeping Requirements ,
Regulatory Burden ,
Swaps
The staff of the Commodity Futures Trading Commission (CFTC Staff) on October 15, 2014 simplified the process for a natural person or entity that the CFTC considers to be a commodity pool operator (CPO) to delegate its CPO...more