As a reminder, fund managers relying on the exemption from registration with the US Commodity Futures Trading Commission (the “CFTC”) set forth in Rule 4.13(a)(3), commonly referred to as the “de minimis exemption,” must affirm their claim of exemption by February 29, 2016. The affirmation process should be completed online through the NFA Exemptions System. Failure to submit an affirmation by the deadline will result in an automatic withdrawal of the exemption from registration.