CFTC Issues No-Action Relief Extending Compliance Date for Amended Rules 4.5 and 4.13(a)(4) to December 31, 2012

July 13, 2012

The CFTC Division of Swap Dealer and Intermediary Oversight has issued a no-action letter permitting unregistered commodity pool operators (CPOs) to launch: (i) new investment companies registered under the Investment Company Act of 1940 in reliance on the Rule 4.5 CPO exclusion, without regard to the new trading and marketing tests; and (ii) new private funds in reliance on the Rule 4.13(a)(4) exemption, in each case until December 31, 2012.

Read “CFTC Issues No-Action Relief Extending Compliance Date for Amended Rules 4.5 and 4.13(a)(4) to December 31, 2012.”