CFTC Exempts Two CPOs from Annual Filing Requirements (CFTC Letters 16-30 and 16-31)

The CFTC Division of Swap Dealer and Intermediary Oversight issued separate exemption letters to two commodity pool operators ("CPOs") that provide relief to each from annual reporting requirements.

CFTC Letter 16-30 granted relief to the CPO of a commodity pool, which operates pursuant to an exemption under Rule 4.7, from the Annual Report filing and certification requirements in CFTC Rule 4.7(b)(3). The relief allows the CPO to file an 18-month annual report for the period dating from July 21, 2015 (the date on which the pool began trading) through December 31, 2016 (the close of the pool's first fiscal year).

CFTC Letter 16-31 granted relief to the CPO of three commodity pools, which consist of a Master Fund and two Feeder Funds (one onshore and one offshore), from the Annual Report filing and certification requirements in CFTC Rule 4.7(b)(3). The relief permits the CPO to file audited Annual Reports for two of the pools for the 15-month period dating from October 1, 2015 through December 31, 2016, and for the third pool for the 13-month period dating from December 1, 2015 through December 31, 2016.