CFTC Proposes Relief from Certain Disclosure, Reporting and Recordkeeping Requirements for CPOs of Commodity ETFs

October 05, 2010
The regulation changes proposed by the Commodity Futures Trading Commission (“CFTC”) provide relief from certain disclosure, reporting and recordkeeping requirements for certain CFTC-registered commodity pool operators (“CPOs”) of Commodity ETFs as well as provide exemptive relief from CPO registration for independent directors or trustees of actively-managed Commodity ETFs. Claims of exemption must be filed electronically with the National Futures Association (“NFA”) in accordance with the procedures described in the proposals. This update examines the proposed changes.