CFTC Approves Conforming Amendments for CPO and CTA Regulations

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On September 5, the Commodity Futures Trading Commission published final conforming amendments to Part 4 of its regulations, which govern the operations and activities of CPOs and CTAs. These amendments reflect changes made to the Commodity Exchange Act (CEA) by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). The Dodd-Frank Act broadened the CPO and CTA definitions to include swap-related activity. The final amendments require CPOs and CTAs that are subject to the requirements of Part 4 of the CFTC’s regulations to include information on swap intermediaries and activities under the disclosure, reporting and recordkeeping requirements of Part 4.

The conforming amendments will become effective on November 5, 2012.

The final rule is available here.

 

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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