United States:
CFTC Grants CPO Relief From Quarterly Account Statement Requirement
29 June 2018
Cadwalader, Wickersham & Taft LLP
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The CFTC Division of Swap Dealer and Intermediary Oversight granted exemptive relief to the additional
pools of a commodity pool operator ("CPO"), which
previously received relief from the requirement to deliver a
quarterly account statement within 30 days of the end of the
quarter to pool participants pursuant to
CFTC Rule 4.7(b)(2). Instead, the pools will be allowed to
distribute monthly account statements within 45 days of the end of
the month. The CPO cited two previous incidents of similar relief
granted in CFTC Staff Letters 14-142 and 16-83.
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