CFTC Grants Exemptive Relief to CPO from Annual Report Certification Requirements (CFTC Letter 16-55)

The CFTC granted exemptive relief to a commodity pool operator ("CPO") from performing a two-year audit in connection with its annual report. The pool had only five participants and had been liquidated at year-end 2015. The relief was granted on the condition that the CPO distributed an unaudited annual report for fiscal year 2015 to pool participants and filed with the National Futures Association, in accordance with CFTC Rule 4.22(c).