CFTC Grants Relief to CPOs from Annual Report Filing Requirements

The CFTC Division of Swap Dealer and Intermediary Oversight granted relief from the annual report filing requirement for commodity pool operators ("CPOs") of certain pools that operate as part of a master-feeder structure pursuant to an exemption under CFTC Rule 4.7. Rule 4.7 provides for an exemption from Rule 4.22 regulatory requirements for certain qualifying CPOs.

The relief allows the CPOs to file 14-month combined annual reports (covering the period of January 1, 2016 to February 28, 2017) in lieu of the CFTC Rule 4.7(b)(3) requirement that CPOs must distribute a report for each fiscal year within 90 days of (i) the end of the fiscal year or (ii) the date of permanent cessation of trading, whichever is earlier.