Dechert Coffee Break: What’s New in U.S. Derivatives Regulation for Hedge Fund Managers?

Overview

Since the Commodity Futures Trading Commission’s decision to rescind the most commonly used exemption from CFTC registration, global hedge fund managers have had more direct exposure to the CFTC and National Future Association than ever. While the dust of major derivatives reforms has partly settled, hedge fund managers must now navigate confusing regulations and contend with a newly active regulator; many managers have ongoing questions about how to comply with NFA reporting requirements and assess the real risks posed by the CFTC’s renewed focus on enforcement. We'll provide an insider’s view of the key issues that every hedge fund manager should be aware of.

We'll discuss:

• The CFTC’s enforcement priorities—and what recent enforcement actions mean for hedge fund managers
• Ongoing quirks, fixes and issues associated with NFA reporting
• A general discussion of the remaining CFTC exemptions
• Updates to the CFTC registration process

Next Sessions

Dechert Coffee Breaks provide concise 30-minute discussions of important regulatory topics for hedge fund managers. Upcoming Dechert Coffee Breaks include ERISA (February) and Hedge Fund Structuring (March).