Certain Funds Can Get Relief From CFTC Registration
December 13, 2012, 10:13 AM EST
Law360, New York (December 13, 2012, 10:13 AM EST) -- On Nov. 30, 2012, the U.S. Commodity Futures Trading Commission published relief for fund of fund operators who would otherwise be required to register with the CFTC as commodity pool operators by Dec. 31, 2012, but do not have access to information from the funds in which they invest necessary to determine whether registration is required.
The relief delays the registration date for such persons until the later of June 30, 2013, or six months from the date the staff issues revised guidance (or the compliance...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.