WebDec 19, 2024 · The amendment to Rule 4.13(a)(3) is consistent with existing CFTC guidance and is not intended to affect the substance of the exemption. 15. Changes from … Web4.13(a)(3) (Pool level for Exempt CPO) Exemption provides relief from CPO registration in cases where the pool trades minimal amount of futures An entity acting as a Pool …
News & Notices NFA I-20-43
WebFeb 28, 2012 · Currently, a fund of funds relying on Rule 4.13(a)(3) must use one of the "look-through" approaches outlined in an appendix to the Rule, which illustrate the application of Rule 4.13(a)(3) in several hypothetical situations. The CFTC noted that "the [CFTC] staff will consider requests for exemptive relief for fund of funds on a case by … WebDec 17, 2024 · Many private fund managers rely on the Regulation 4.13(a)(3) “de minimis” exemption from CFTC registration as a commodity pool operator. Among other requirements, Rule 4.13(a)(3) requires that each participant in a qualifying pool fall into one of the following categories: kermit right where i belong
CFTC Staff Grants Registration Relief for Managers of Funds of …
WebJan 24, 2024 · On December 1, 2024, the NFA issued a notice reminding its members of the annual affirmation requirement for persons or entities claiming an exemption or exclusion from registration as a CPO or CTA under applicable CFTC regulations. 1 On January 9, 2024, the NFA clarified members’ compliance obligations for dealing with unregistered … WebPlease be aware that a CPO that elects not to use the pre-filing option and withdraws its 4.13(a)(4) exemption and files for another available exemption (other than a 4.13(a)(3) exemption) prior to December 31, 2012 will immediately become subject to the CFTC and NFA regulatory requirements related to the new exemption, including the ... WebMar 21, 2012 · CFTC Rule 4.13 (a) (3) provides an exemption from CFTC registration for CPOs that manage funds that deal in futures to only a limited extent (the “ De Minimis Exemption”). The De Minimis Exemption is not being rescinded. kermit scarecrow