CFTC Grants CPO Relief From Quarterly Account Statement Requirement

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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") ...
United States Finance and Banking

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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