The Diary has been itching to find out what those cool cats at the Commodity Futures Trading Commission (CFTC) have been getting up to. Now we know, thanks to a racy missive from US firm Debevoise & Plimpton on new proposals for exemptions to the Commodity Pool Operator (CPO) and Commodity Trading Adviser (CTA) registration requirements of the Commodity Trading Adviser Act. It explains: “Currently various exemptions from the registration requirements set forth in Section 4m(1) of the Act are available to CPOs pursuants to Rules 4.5, 4.7, 4.12, and 4.13 of the rules promulgated by the CFTC under the Act (the CFTC Rules) and to CTAs under Sections 1, 4m(1) and 4m(3) of the Act and Rules 4.6, 4.7 and 4.14 of the CFTC Rules.”
Thanks for clearing that up guys, for a moment we were getting a little confused.
