The CFTC adopted final rule amendments that incorporate CFTC staff guidance on CPO and CTA registration and reporting requirements.
News & Insights
The CFTC Division of Swap Dealer and Intermediary Oversight (the "Division") granted no-action relief to three CPOs from registration and the requirement to deliver quarterly account statements. The Division granted relief ( see here and here ) to two CPOs from registration, provided that each CPO delegated its responsibilities under CEA Section 4m(1) to a registered CPO, subject to certain conditions. The relief was granted notwithstanding the parties' inability to meet one of the conditions - that the "Delegating CPO" and the "Designated CPO" be under common legal control - so long as they
A proposed CFTC exemptive order that would allow certain derivatives clearing organizations to invest futures and swap customer funds in French and German sovereign debt was published in the Federal Register.
The CFTC issued a proposed exemptive order to permit certain derivatives clearing organizations to invest futures and swap customer funds in French and German sovereign debt.
U.S. District Court for the Southern District of Florida Judge William P. Dimitrouleas entered an Order of Final Judgment by Default against Joseph Charles DiCrisci and his company for (i) engaging in illegal off-exchange precious metal transactions, and (ii) failing to register with the CFTC as a futures commission merchant.