NFA Publishes Guide to Disclosure Documents for CPOs and CTAs

The National Futures Association ("NFA") released a revised guide for CPOs and CTAs filing disclosure documents. The revised guide reflects recent changes to the CFTC Rules Part 4 ("Commodity Pool Operators and Commodity Trading Advisers") which became effective on August 22, 2013. The guide covers the following:

• who must prepare a disclosure document;
• disclosure document guide for CTAs;
• disclosure document guide for CPOs; and
• filing disclosure documents and the review process.

See: NFA Guide to Disclosure Documents for CPOs and CTAs.See also: Commodity Pool Operators and Commodity Trading Advisors: Compliance Obligations; CFTC Final Rule (77 FR 11252). Related News: CFTC Exclusion from Commodity Pool Regulation for Securitization Vehicles (October 11, 2012) CFTC Staff Expands Existing Relief as to Securitizations (with Lofchie Comment) (December 7, 2012); NFA Notice to Members: Mandatory Response from CPOs Operating a Pool That Is a Registered Investment Company (January 29, 2013).