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                  • CFTC Letter 19-01: Exemptive Relief Request concerning Quarterly Account Statements Required by Regulation 4.7(b)(2) on Behalf of "A" and Several Commodity Pools

                    January 28, 2019
                    CFTC Letter No. 19-01 Exemption January 28, 2019 Division of Swap Dealer and Intermediary Oversight Re: Exemptive Relief Request Concerning Quarterly Account Statements Required by Regulation 4.7(b)(2) on Behalf of "A" and Several Commodity Pools Dear: This is in response to your letter ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Statements
                    Regulated Entities: 
                    Adviser / CTA / CPO
                    Related Searches: 
                    CFTC Rule 4.7
                  • CFTC Letter No. 18-33: No-Action Relief from Certain Position Aggregation Requirements under Commission Regulation 150.4(b)(2)(i)(D)

                    December 21, 2018
                    CFTC Letter No. 18-33 No-Action December 21, 2018 Division of Market Oversight Re: No-Action Relief from certain Position Aggregation Requirements under Commission Regulation 150.4(b)(2)(i)(D). This letter responds to a request received by the Division of Market Oversight ("DMO") of the ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Position Limits
                    Products: 
                    Futures
                  • CFTC Letter 18-28: Exemption Pursuant to Commission Regulation 1.16(f)(2) for Audit Standards Requirements for FCM Certified Financial Statements for Year Ending December 31, 2018

                    December 04, 2018
                    This is in response to your letter dated October 15, 2018, to the Division of Swap Dealer and Intermediary Oversight ("the Division" or "DSIO") of the Commodity Futures Trading Commission1 ("Commission"). By your letter, you request on behalf of ["A"], a ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Accounting and Audit, Reg. Reporting
                    Regulated Entities: 
                    Accountants / Attorneys, FCMs and IBs
                  • CFTC Letter 18-27: No-Action Relief from certain Position Aggregation Requirements under Commission Regulation 150.4

                    November 15, 2018
                    This letter responds to a request received by the Division of Market Oversight ("DMO") of the Commodity Futures Trading Commission ("Commission") from [outside counsel], dated October 2, 2017, on behalf of______ (the "Master Fund"),______ (the "Holding Company ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Position Limits
                    Products: 
                    Futures, FX
                  • CFTC Letter 18-26: Commission Regulation 30.7 – Staff No-Action Position Regarding Futures Commission Merchant’s Deposit of Customer-Owned Securities as Margin with a Foreign Broker

                    October 31, 2018
                    This is in response to your letter dated August 13, 2018 to the Division of Swap Dealer and Intermediary Oversight ("Division" or "DSIO") of the Commodity Futures Trading Commission ("Commission" or "CFTC"). You submitted your letter on behalf of "X" ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Cross-Border, Custody
                    Regulated Entities: 
                    FCMs and IBs
                    Products: 
                    Foreign Products, Futures
                  • CFTC Letter 18-21: Commission Regulation 1.16 – Staff No-Action Position Regarding PCAOB Requirement to Communicate Critical Audit Matters in Unqualified Audit Opinions

                    August 29, 2018
                    This is in response to your letter dated August 14, 2018, to the Division of Swap Dealer and Intermediary Oversight ("Division") of the Commodity Futures Trading Commission ("Commission"). By your letter, you request on behalf of your members that the Division confirm by no ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Individuals: 
                    Brian D. Quintenz
                    Activities: 
                    Accounting and Audit
                    Regulated Entities: 
                    Accountants / Attorneys, FCMs and IBs
                  • CFTC Letter 18-20: No-Action Relief for Excluding Certain Loan-Related Swaps from Counting toward the Swap Dealer Registration De Minimis Threshold

                    August 28, 2018
                    This letter is issued by the Division of Swap Dealer and Intermediary Oversight ("DSIO" or the "Division") of the Commodity Futures Trading Commission ("Commission" or "CFTC") in response to a request from "X", on behalf of itself and its insured ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Individuals: 
                    Brian D. Quintenz
                    Activities: 
                    Registration Requirement
                    Regulated Entities: 
                    Banking Entities, Swap Dealers / SBSDs
                    Products: 
                    Swaps / SBS
                  • CFTC Letter 18-25: Exemptive Relief Request Concerning Quarterly Account Statements Required by Commission Regulation 4.7(b)(2)

                    August 21, 2018
                    Dear: This is in response to your letter, dated June 7, 2018, to the Division of Swap Dealer and Intermediary Oversight ("Division") of the Commodity Futures Trading Commission ("Commission" or "CFTC"). You request that "A", the commodity pool operator (" ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Individuals: 
                    Brian D. Quintenz
                    Activities: 
                    Disclosures to Customers, Statements
                    Regulated Entities: 
                    Adviser / CTA / CPO
                    Related Searches: 
                    CFTC Rule 4.7
                  • CFTC Letter 18-22: Request for No-Action Relief from the Requirement to Register as a Commodity Pool Operator under Section 4m(1) of the Commodity Exchange Act

                    August 21, 2018
                    Dear: This is in response to your letter dated January 5, 2018 to the Division of Swap Dealer and Intermediary Oversight ("Division") of the Commodity Futures Trading Commission ("Commission" or "CFTC"). In the letter, you request, on behalf of "A" and " ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Individuals: 
                    Brian D. Quintenz
                    Activities: 
                    Disclosures to Customers, Reg. Reporting, Registration Requirement, Regulatory Exemptions
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter 18-23: Request for No-Action Relief from the Requirement to Register as a Commodity Pool Operator under Section 4m(1) of the Commodity Exchange Act

                    August 21, 2018
                    Dear: This is in response to your letter dated January 5, 2018 to the Division of Swap Dealer and Intermediary Oversight ("Division") of the Commodity Futures Trading Commission ("Commission" or "CFTC"). In the letter, you request, on behalf of "A" and " ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Individuals: 
                    Brian D. Quintenz
                    Activities: 
                    Disclosures to Customers, Reg. Reporting, Registration Requirement, Regulatory Exemptions
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter 18-24: Request for No-Action Relief from the Requirement to Register as a Commodity Pool Operator under Section 4m(1) of the Commodity Exchange Act

                    August 21, 2018
                    Dear: This is in response to your letter dated January 5, 2018 to the Division of Swap Dealer and Intermediary Oversight ("Division") of the Commodity Futures Trading Commission ("Commission" or "CFTC"). In the letter, you request, on behalf of "A" and " ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Individuals: 
                    Brian D. Quintenz
                    Activities: 
                    Disclosures to Customers, Reg. Reporting, Registration Requirement, Regulatory Exemptions
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter 18-19: Commission Regulation 1.17 - Staff No-Action Position Regarding the Treatment of Operating Leases Caused by a Change in Accounting Principles

                    August 13, 2018
                    Ms. Mary Kay Scucci Managing Director Securities Industry and Financial Markets Association 120 Broadway New York, NY 10271 Ms. Allison Lurton Senior Vice President and General Counsel Futures Industry Association 2001 Pennsylvania Avenue, NW Washington, DC 20006 Ms. Melinda Schramm Chairman ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Accounting and Audit, Capital
                    Regulated Entities: 
                    FCMs and IBs, RFDs / FDMs
                  • CFTC Letter 18-18: Extension of No-Action Relief with Regard to Section 5b(a) of the Commodity Exchange Act and Commission Regulations Thereunder

                    July 31, 2018
                    Mr. Karl Chen Chief Financial Officer Shanghai Clearing House No. 2 East Beijing Road Huangpu District Shanghai, People’s Republic of China Re: Extension of No-Action Relief with Regard to Section 5b(a) of the Commodity Exchange Act and Commission Regulations Thereunder Dear Mr. Chen: By letter ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Cross-Border, Registration Requirement
                    Regulated Entities: 
                    Clearing Orgs., Foreign Entities
                    Products: 
                    Swaps / SBS
                  • CFTC Letter 18-14: Advisory with respect to Virtual Currency Derivative Product Listings

                    May 21, 2018
                    The CFTC published a staff advisory to serve as a resource for exchanges and clearinghouses regarding virtual currency derivative product listings.​ CFTC 18-14_0 (1).pdf CFTC Advisories and Guidance 18-14_0 (1).pdf 1 CFTC Staff Advisory No. 18-14 May 21, 2018 Division of Market Oversight Division ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Exchange Listing
                    Regulated Entities: 
                    Clearing Orgs., Exchanges / Contract Mkts, SEFs / SBSEFs
                    Products: 
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                    CFTC Advisories and Guidance
                  • CFTC Letter 18-13: No-Action Position: Relief for Certain Non-U.S. Persons from Including Swaps with International Financial Institutions in Determining Swap Dealer and Major Swap Participant Status

                    May 16, 2018
                    No-action relief for non-U.S. persons that are neither guaranteed affiliates nor conduit affiliates of a U.S. person from the requirement to count swaps with international financial institutions towards the de minimis thresholds for the swap dealer and major swap participant definitions. CFTC 18-13 ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Registration Requirement
                    Regulated Entities: 
                    Foreign Entities, Swap Dealers / SBSDs
                    Products: 
                    Depository Receipts (ADRs / GDRs), Swaps / SBS
                  • CFTC Letter 18-15: Request for No-Action Relief from the Requirement to Register as a Commodity Pool Operator under Section 4m(1) of the Commodity Exchange Act

                    May 14, 2018
                    The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") granted no-action relief from registration to a commodity pool operator (the "Delegating CPO") in response to a request by the CPO to delegate responsibilities for operating multiple pools to another CPO (the ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Registration Requirement
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter 18-12: Request for Interpretation Regarding Commission Regulation 150.4(b)(1)

                    May 02, 2018
                    The CFTC Division of Market Oversight ("DMO") clarified the circumstances under which an investor in commodity pools may qualify for disaggregation relief. The guidance concludes that relief should apply to a "passive investor, who has no ability to control the trading decisions of a ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters, Regulatory Interpretation
                    Activities: 
                    Position Limits
                    Regulated Entities: 
                    Adviser / CTA / CPO, Traders / Investors / Counterparties
                  • CFTC Letter 18-17: Exemptive Relief Request Concerning Quarterly Account Statements Required by Commission Regulation 4.7(b)(2) on Behalf of “A” and “B”

                    May 01, 2018
                    The CFTC Division of Swap Dealer and Intermediary Oversight granted exemptive relief to the additional pools of a commodity pool operator ("CPO"), which previously received relief from the requirement to deliver a quarterly account statement within 30 days of the end of the quarter to ...
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                    CFTC
                    Document Type: 
                    Advisory Opinions, No-Action Letters
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                    Adviser / CTA / CPO
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                    CFTC Rule 4.7
                  • CFTC Letter 18-11: Rescission of CFTC Staff Letter No. 16-47

                    April 16, 2018
                    The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") rescinded no-action relief from certain reporting requirements previously granted to a commodity pool operator ("CPO") operating a master-feeder fund complex. CFTC 18-11.pdf 18-11.pdf U.S. COMMODITY FUTURES ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Reg. Reporting
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter 18-16: Request for No-Action Relief from the Requirement to Register as a Commodity Pool Operator under Section 4m(1) of the Commodity Exchange Act

                    March 30, 2018
                    The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") granted no-action relief from registration to a commodity pool operator (the "Delegating CPO") in response to a request by the CPO to delegate responsibilities for operating a pool to another CPO (the " ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Registration Requirement
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter: 18-09: 4.7 and 4.22; Exemption

                    March 30, 2018
                    Relief from the US GAAP requirement of the Commission Regulations. CFTC 18-09_0.pdf CFTC Rule 4.7 18-09_0.pdf U.S. COMMODITY FUTURES TRADING COMMISSION Three Lafayette Centre 1155 21st Street, NW, Washington, DC 20581 Telephone: (202) 418-6700 Facsimile: (202) 418-5547 MKulkin@cftc.gov Division of ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Disclosures to Customers, Financial Recordkeeping & Reporting
                    Regulated Entities: 
                    Adviser / CTA / CPO, Private Funds
                    Related Searches: 
                    CFTC Rule 4.7
                  • CFTC Letter: 18-10: 4.7 and 4.22; Exemption

                    March 30, 2018
                    Relief from the US GAAP requirement of the Commission Regulations. CFTC 18-10.pdf CFTC Rule 4.7 18-10.pdf U.S. COMMODITY FUTURES TRADING COMMISSION Three Lafayette Centre 1155 21st Street, NW, Washington, DC 20581 Telephone: (202) 418-5000 mkulkin@cftc.gov Division of Swap Dealer and Intermediary ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Disclosures to Customers, Financial Recordkeeping & Reporting
                    Regulated Entities: 
                    Adviser / CTA / CPO, Private Funds
                    Related Searches: 
                    CFTC Rule 4.7
                  • CFTC Letter 18-07: 4.7 and 4.22; Exemption

                    March 07, 2018
                    The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") denied a request by a commodity pool operator ("CPO") for no-action relief from filing an annual report containing audited financial statements. CFTC 18-07.pdf CFTC Rule 4.7 18-07.pdf Division of Swap Dealer ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Disclosures to Customers, Financial Recordkeeping & Reporting
                    Regulated Entities: 
                    Adviser / CTA / CPO
                    Related Searches: 
                    CFTC Rule 4.7
                  • CFTC Letter 18-06: Exemptive Relief Request Concerning Quarterly Account Statements Required by Commission Regulation 4.7(b)(2)

                    March 05, 2018
                    This is in response to your letter, dated February 16, 2018, and supplemented by telephone and email communication on February 23, 2018, to the Division of Swap Dealer and Intermediary Oversight (the "Division") of the Commodity Futures Trading Commission (the "Commission" or ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Disclosures to Customers
                    Regulated Entities: 
                    Adviser / CTA / CPO
                  • CFTC Letter 18-08: No-Action Relief from Commodity Pool Operator and Commodity Trading Advisor Registration for the "A" in connection with its operation of the "B"

                    February 28, 2018
                    This is in response to your request submitted to the Division of Swap Dealer and Intermediary Oversight ("Division") of the Commodity Futures Trading Commission ("Commission") on November 9, 2017, (the "Correspondence"), on behalf of "A", the sponsor and ...
                    Organization: 
                    CFTC
                    Document Type: 
                    No-Action Letters
                    Activities: 
                    Registration Requirement
                    Regulated Entities: 
                    Adviser / CTA / CPO
                    Related Searches: 
                    CFTC Rules 4.5 and 4.6
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