CFTC Issues Exemption to CPO Regarding Annual Reporting Requirements to Pool with One Investor (CFTC Letter 15-28)

The CFTC issued an exemptive letter to a CPO regarding CFTC Rule 4.22, which requires that a firm file a certified Annual Report to the NFA within 90 days of the Pool's fiscal year.

The CFTC stated that the principal purpose of the reporting required by CFTC Rule 4.22 is to ensure that pool participants receive accurate, fair and timely information on the overall trading performance and financial condition of the pool. The CFTC reasoned that since the CPO is the controlling principal and managing member of the CPO and also the sole participant in the Pool, the CPO is not required to issue a certified Annual Report. The relief granted is conditional upon filing an uncertified 2014 Annual Report with the NFA.

See: CFTC Letter 15-28.