WebMay 7, 2013 · In February 2012, the CFTC amended Regulation 4.5, which provides registered investment companies with an exclusion from the definition of commodity pool operator (“CPO”). As amended, Regulation 4.5 limits the amount of exposure to commodity interests – such as commodity futures and options and swaps – that a … WebCPO Exclusion – Rule 4.5 (as amended) Rule 4.5 excludes from the definition of CPO “qualifying entities” that operate pools that are regulated by some other regulatory …
17 CFR § 4.34 - LII / Legal Information Institute
Web(B) ( 1) A corporation, general partnership, limited partnership, limited liability company, trust (other than a trust referred to in paragraph (a) (10) (i) (A) ( 4) of this section), or other … WebJan 17, 2024 · The CFTC amended CFTC Rule 4.27 consistent with current CFTC exemptive relief in CFTC Staff Letters 14-115 27 and 15-47 28 to provide that: (i) CFTC-registered CPOs that operate only Commodity ... define net in and net out migration
Part I: Update on CFTC Rules 4.5 and 4.13 for Registered …
WebDec 19, 2024 · connection with the adoption of Rule 4.12(c)(3), that the RIA of a RIC is the appropriate entity to register as the CPO of such pool.2. The CFTC did not update Rule 4.5 at that time. In the years since, the inconsistencies between Rule 4.5 and Rule 4.12(c)(3) have created uncertainty for RICs and their WebJun 16, 2024 · Key Takeaways. A CPO will be prohibited from claiming an exemption from registration under CFTC Regulation 4.13 if it or any of its principals has in their backgrounds a statutory disqualification under the CEA. A CPO that currently claims the 4.13 (a) (3) de minimis exemption will no longer be able to rely on such exemption if, as … WebFeb 9, 2012 · CFTC Adopts Final Amendments to Rule 4.5 Tuesday, April 10, 2012 On February 9, 2012, the Commodity Futures Trading Commission (CFTC) announced … define net in math terms