United States:
CFTC Implements Standard Approach For CPO Delegated Investment Management Authority
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On May 12, the Division of Swap Dealer and Intermediary
Oversight of the CFTC announced the implementation of a
standardized, streamlined approach for processing requests for
relief where a CPO that has delegated investment management
authority as a CPO of a commodity pool to another person who is
registered as a CPO, and the delegating CPO does not engage in the
solicitation of participants for, or the management of property of,
the applicable commodity pool. Staff Letter.
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