Country / Language

CFTC Releases FAQs on Rule Amendments Affecting CPOs and CTAs


The U.S. Commodity Futures Trading Commission ("CFTC") issued guidance, in the form of frequently asked questions, on the amendments to its Part 4 regulations affecting commodity pool operators ("CPOs") and commodity trading advisors ("CTAs").

The FAQs address such issues as compliance dates, wholly owned subsidiaries, trading limits, and the process for transitioning from an exemption from registration under CFTC regulation 4.13(a)(4) to either registering or claiming another exemption.

We encourage you to read the FAQs document, which is available at: http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/faq_cpocta.pdf.

Last week, the National Futures Association held a webinar that provided a walkthrough of the registration process and an overview of CPO's regulatory requirements. To access the presentation, follow this link:

http://www.nfa.futures.org/NFA-compliance/NFA-education-training/webinars.HTML.

For more information, please contact Phil Mandel, CPA, J.H. Cohn partner and co-director of the Firm's Financial Services Industry Practice, at pmandel@jhcohn.comor 973-403-7986, or Jay Levy, CPA, J.H. Cohn partner and co-director of the Firm's Financial Services Industry Practice, at jlevy@jhcohn.com or 646-254-7412.

Download the full PDF.

This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and J.H. Cohn LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Published date: 8/20/2012

Search Our People

Search Our People

Look ahead. Gain insight. Imagine more. Is your business ready to break through?

View our new TV commercial..

Industry Outlooks

Industry Outlooks

Gain insight into what is ahead for the Commercial Real Estate, Technology and Middle Market Private Equity industries.

READ MORE

Learn about our upcoming events.

READ MORE

Working With Us

Working With Us

What makes CohnReznick different from others in our profession? And what should our clients come to expect when working with us? The answer is The CohnReznick Advantage. Contact us to learn how we can out the CohnReznick Advantage to work for your business.


People

The value of an organization is determined by the skills and qualities of its leaders. With more than 280 partners serving clients nationwide, CohnReznick is renowned for the diverse experiences, knowledge and backgrounds of its leadership.

Learn More

Services

We align our services in three segments: Accounting and Assurance, Tax, and Advisory. This approach allows us to provide holistic solutions to complex business problems and to seize upon opportunities requiring an integrated approach.

Learn More

Industries

Accounting and tax issues different significantly based on an organization's industry. We provide clients with expertise in nearly two dozen industries – we know the opportunities, the obstacles, the competitive landscape.

Learn more

Insights

CohnReznick professionals are thought leaders in their industries. Clients benefit from relevant and timely economic, legislative and industry insights that can keep them a step ahead of competition.

Learn More

Global Reach

Our involvement in the Nexia International network of firms enables us assist our clients wherever they do business-providing local expertise and connections wherever they needed. Nexia is comprised of 20,000 professionals operating in over 100 countries.

Learn More