Effective Date Set for CFTC Amendments to CPO Registration Exemption on Cross-Border Activity
A CFTC final rule amending the conditions under which non-U.S. CPOs qualify for exemption from registration under CFTC Rule 3.10(c) ("Registration Requirements for Different Types of Firms") was published in the Federal Register. The amendments go into effect on February 5, 2021.
See previous coverage for details on the updated exemption requirements.
Related Articles
-
The CFTC amended the conditions under which non-U.S. CPOs qualify for exemption from registration.
-
In an open meeting, the CFTC approved three final rules: (i) one concerning position limits for derivatives, (ii) one extending the Phase VI compliance date of the margin requirements for uncleared swaps for swap dealers and major swap participants, and (iii) one exempting certain foreign intermediaries from the requirement to register as CPOs.
-
The CFTC proposed amending the conditions under which non-U.S. CPOs qualify for exemption from registration.
Commentary by Dorothy Mehta and Steven Lofchie
Premium Content
Available only to Premium subscribers.
- CFTC Rule 3.10: Registration of futures commission merchants, retail foreign exchange dealers, introducing brokers, commodity trading advisors, commodity pool operators, swap dealers, major swap participants and leverage transaction merchants.
- CFTC Letter 16-08: No-Action Relief for foreign IBs, CPOs, and CTAs to rely on the exemption from registration in CFTC Rule 3.10(c)(3)(i) if their activities include swaps that are not subject to a CFTC clearing requirement
- CFTC Letter 15-37: No-Action Relief from Introducing Broker and Commodity Trading Advisor Registration for Persons Located Outside the United States in Connection with Certain Activities for Customers That Are International Financial Institutions
Join Premium
Regulatory Intelligence combines regulatory and enforcement news, analysis, and practical work tools on an easy-to-use digital platform.