On Dec. 19, 2025, the Market Participants Division (MPD) of the Commodity Futures Trading Commission (CFTC) issued No-Action Letter 25-50 (the “Letter”), which provides interim no-action relief from commodity pool operator...more
1/20/2026
/ CFTC ,
Commodity Futures Contracts ,
CPOs ,
Derivatives ,
Exemptions ,
Form PF ,
Investment Adviser ,
Investment Company Act of 1940 ,
Investment Funds ,
No-Action Letters ,
Registration Requirement ,
Regulation D ,
Reporting Requirements