Helpful to Getting the Business Done Articles

CFTC OK’s Compliance with Equivalent SEC Rules for Investment Companies Whose Advisors Must Register as CPOs; Some Changes Benefit All CPOs and CTAs

Posted
Helpful to Getting the Business Done, Managed Money, News Developments | Print

The Commodity Futures Trading Commission yesterday adopted final regulations regarding certain compliance obligations applicable to certain funds whose advisors are now required to register as commodity pool operators, as a result of 2012 amendments to CFTC rules. In general, the CFTC will permit such entities — under the doctrine of substituted compliance — to comply with applicable Securities Exchange Commission requirements in order to satisfy their obligation to comply with comparable CFTC requirements.

In doing so, however, the CFTC also amended certain provisions of CFTC Rules applicable to all CPOs and commodity trading advisors. As a result, all CTAs and CPOs should review these new requirements, let alone registered investment companies whose advisors are required to register as CPOs.

News Development: Finally the CFTC Approves Core Principles for SEFs

Posted
Helpful to Getting the Business Done, News Developments | Print

Today the CFTC announced issuance of long-expected core principles for Swap Execution Facilities. These principles will require, among other things, SEFs to maintain minimum trading functionality (ie, an order book) for all its market participants, and allows for trading through requests for quotes. Unlike the Commission’s original proposal, the final core principles require that all […]

Helpful to Getting the Business Done: CFTC Grants More Relief to FX Swap Dealers

Posted
Helpful to Getting the Business Done, News Developments | Print

During the first two days of May, the CFTC’s Division of Swap and Intermediary Oversight granted certain relief related to swap dealers and major swap participants engaging in certain FX transactions. A few days earlier, on the eve of 1 May, DSIO granted certain relief to SDs and MSPs engaging in FX prime brokerage transactions involving […]