CFTC Grants Exemptive Relief to Two CPOs from Annual Auditing Requirement

The CFTC Division of Swap Dealer and Intermediary Oversight granted exemptive relief for the year 2015 to two commodity pool operators ("CPOs") from the annual requirement in CFTC Rule 4.22(d) that an independent public accountant audit a pool's financial statements. The relief is conditioned on the CPOs' filing with the National Futures Association ("NFA") and distributing an audited annual report that covers fiscal year 2016 to all pool participants within 90 calendar days after the end of that fiscal year.