• Operators of, and Advisers to, New Private Funds Have Until December 31 2012, to Register with the CFTC
  • August 13, 2012
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • On July 13, the Commodity Futures Trading Commission (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter to grant relief to operators of, and advisers to, hedge funds and other private funds that invest in commodity futures, options and/or swaps (i.e., commodity interests). These operators and advisers will now have until December 31, 2012, to register with the CFTC as commodity pool operators (CPOs) and commodity trading advisors (CTAs), respectively, absent eligibility for an exclusion or exemption therefrom.