CFTC Issues Exemption for Pools Relating to the Independent Auditing of Financial Statements (CFTC Letters 14-97, 14-98 and 14-99)

The CFTC's Division of Swap Dealer and Intermediary Oversight issued three letters exempting CPOs from the requirement to have an independent public accountant audit the financial statement of the pool's annual report pursuant to CFTC rules 4.7(b)(3)(i) and 4.22(d). These exemptions are applicable to the fiscal year ending on December 31, 2013.