CFTC Issues Broad Securitization Industry Relief on Commodity Pool Regulation

Blurb: On Friday, December 7, 2012, the U.S. Commodity Futures Trading Commission (CFTC), through its Division of Swap Dealer and Intermediary Oversight (Division), issued a letter which provides broad relief for certain segments of the securitization industry (December Relief). The December Relief provides both interpretative relief and no-action relief to securitization vehicles that invest in “commodity interests” as follows: (i) interpretative relief for certain securitization vehicles; (ii) no-action relief for fixed income parties to certain legacy transactions; and (iii) temporary no-action relief for other securitization vehicles until March 31, 2013.

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