CFTC Staff Exempts Certain CTAs From Filing Form CTA-PR
On July 21, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) granted exemptive relief to certain commodity trading advisors (CTAs) from the requirement in CFTC Regulation 4.27(c) to file a Form CTA-PR annually. The relief extends to CTAs that are registered with the CFTC but do not direct any trading of commodity interest accounts. For purposes of this relief, the term “direct” means an agreement whereby a person is authorized to effect transactions for a client’s commodity interest account without such client’s specific authorization.
CFTC letter 15-47 is available here.