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Alternative Market Briefing

CFTC proposes "common sense changes" to CTA regulations

Thursday, October 11, 2018

Laxman Pai, Opalesque Asia:

The US regulator Commodity Futures Trading Commission (CFTC)'s proposals to to streamline regulations will reduce regulatory burdens for commodity pool operators (CPOs) and commodity trading advisors (CTAs).

A press release from CFTC said that it has unanimously approved proposed rules as a part of its KISS (Keep It Simple, Stupid) Initiative to simplify regulations for CPOs and CTAs.

The release quoted CFTC Chairman J. Christopher Giancarlo as saying: "I'm pleased my fellow Commissioners supported today's proposal, which I hope is the first of a series of long overdue simplifications to Part 4 regulations. These proposed amendments are common sense changes that cut the regulatory mandates on CPOs and CTAs, while simultaneously promoting consumer confidence in the market. We look forward to working with the public to ensure these rules are adopted and implemented in an effective and transparent method."

The proposed rules would simplify the regulatory obligations for CPOs and CTAs by codifying long-standing staff advisories and no-action letter relief in the Part 4 regulations.

These rules would enhance consumer protection, as well as boost confidence in the commodity markets, by banning individuals who are legally disqualified to operate investment pools from doing so.

Additionally, the CFTC proposes streamlining registration requirements for CPOs that operate in multiple jurisdictions.

It said that the proposa......................

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