CFTC seeks feedback on CPO and CTA rule changes

The CFTC has opened a 45-day comment period on proposals that would double the small-pool exemption threshold to $800,000 and ease registration rules for some fund advisers. Summary The CFTC proposal would create a CPO exemption for qualifying SEC-registered investment advisers. A related change would extend registration relief to certain commodity trading advisers. The small-pool capital threshold would rise from $400,000 to $800,000. Comments will remain open for 45 days after publication in the Federal Register. CFTC proposal would reduce duplicate fund registration The Commodity Futures Trading Commission said in an Aug. 18 regulatory announcement that it had proposed amendments to Part 4 of its rules, which govern commodity pool operators, or CPOs, and commodity trading advisers, known as CTAs. Under the proposal, certain investment advisers already registered with the Securities and Exchange Commission could avoid separate CPO registration for qualifying commodity pools. The exemption would apply only when the pool meets several conditions, including limits on who may invest. A commodity pool combines money from multiple participants to trade futures, options, swaps, or other...