• Final Rules Regarding CPOs and CTAs: Additional Exemptions, Confirmation of No-Action Relief and Other Regulatory Relief
  • September 23, 2003 | Authors: Jan-Paul "JP" Bruynes; Michael F. Griffin; Robert E. Holton
  • Law Firm: Dorsey & Whitney LLP - New York Office
  • On August 8, 2003, the Commodity Futures Trading Commission (the "CFTC") announced a set of final rules designed to amend the rules relating to the exclusions and exemptions from registration for commodity pool operators (each, a "CPO") and commodity trading advisors (each, a "CTA"). Effective as of August 8, 2003, these amendments supersede the temporary no-action relief the CFTC previously issued as set forth in our client advice memorandum dated November 18, 2002, although the CFTC confirmed the continued availability of the temporary no-action relief.