Commodity Pools: Reminder to Reaffirm Exemptions The CFTC requires any person that claims an exemption from Commodity Pool registration under CFTC Reg 4.13(a)(1), 4.13(a)(2), 4.13(a)(3), 4.13(a)(5), an exclusion from Commodity Pool registration under Reg 4.5 or a Commodity Trading Advisor…
Crypto Brief: Two Cryptocurrencies To Be Regulated as Commodities Per New Bill In the Senate
A bipartisan bill proposed in the Senate named the Digital Commodities Consumer Protection Act was introduced in late July. This legislation clarifies that bitcoin and ether, two popular cryptocurrencies, are classified as commodities, as opposed to securities which are under…
NFA Compliance: Exam Relief Extended
Due to the ongoing COVID-19 pandemic, NFA has allowed Members to conduct all calendar year 2020 and 2021 annual inspections of branch offices and guaranteed introducing brokers remotely. NFA has recently extended this relief through the end of 2022. Members…
CTA and CPO Compliance: Time to Reaffirm Exemptions
Any person that claims exemption from CPO registration with NFA under the following CFTC Regs: 4.13(a)(5) 4.13(a)(2) 4.13(a)(3) 4.13(a)(5) 4.5 or CTA Registration 4.14(a)(8) must reaffirm the exemption at least 60 days before calendar year end, March 1, 2022. Failure…