Family Offices Should Weigh CPO Registration Relief
December 19, 2012, 12:50 PM EST
Law360, New York (December 19, 2012, 12:50 PM EST) -- On Nov. 29, 2012, the Commodity Futures Trading Commission's Division of Swap Dealer and Intermediary Oversight (Division) issued no-action relief from commodity pool operator (CPO) registration to family offices whose investment vehicles use CFTC-regulated products (commodity interests). In order to claim this no-action relief, a family office must submit a notice to the Division.
Family Office No-Action Relief
The no-action letter adopts a deferential tone on the issue of family office relief, recognizing that “the SEC has devoted substantial time and resources to addressing [the family...