The CFTC withdrew its original proposal and newly proposed to allow an FCM, subject to certain conditions, to treat separate accounts of a single beneficial owner as if they were owned by different persons, for purposes of margin withdrawals from the separate accounts.
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The CFTC proposed changing the types of investments that futures commission merchants and derivatives clearing organizations can make using customer funds.
CFTC staff extended no-action relief on the treatment of separate accounts by futures commission merchants until the earlier of June 30, 2024 or the effective date of any final CFTC action regarding its risk management regulations.
The CFTC extended the comment deadline on a rule proposal that would codify no-action relief related to the treatment of separate accounts by futures commission merchants. The new comment deadline is June 30, 2023.
The CFTC set a comment deadline on proposed rule amendments which would codify no-action relief regarding the treatment of separate accounts by futures commission merchants ("FCMs"). The comment deadline was published in the Federal Register.