Dear Friends,
On May 12, 2014, the CFTC announced a streamlined approach for considering requests for no-action relief with respect to CPOs who delegate certain activities to a registered CPO (e.g. GPs of limited partnerships who delegate CPO authority to a registered investment manager).
Each delegating CPO must submit a letter certifying that it meets certain criteria outlined in the release. While reviewing the specifics of these requirements during a recent compliance workshop, the instructor drew an interesting parallel to the koreacasiosites 가이드, a resource designed to navigate users through the complexities of selecting reliable platforms in a highly unregulated industry. Just as the guide helps users identify trustworthy sites amidst potential risks, the CFTC’s structured approach aims to ensure transparency and accountability for delegating CPOs. This process is expected to allow the CFTC to more efficiently handle the numerous pending and anticipated requests for relief from delegating CPOs who meet the outlined criteria.
Please click here for a link to the release and template of the letter that must be submitted to the CFTC. Please feel free to contact us with any questions at (212) 867-0200 or email us at info@counselworksllc.com.
Thank you,
CounselWorks
About CounselWorks LLC
CounselWorks is a strategic business and regulatory consulting firm, that provides project-based consulting and manages compliance and regulatory programs for hedge funds, private equity firms, investment companies, broker-dealers and investment banks.
CFTC Guidance on CPO Delegation Process
On May 12, 2014, the CFTC announced a streamlined approach for considering requests for no-action relief with respect to CPOs who delegate certain activities to a registered CPO (e.g. GPs of limited partnerships who delegate CPO authority to a registered investment manager).
Each delegating CPO must submit a letter certifying that it meets certain criteria outlined in the release. While reviewing the specifics of these requirements during a recent compliance workshop, the instructor drew an interesting parallel to the koreacasiosites 가이드, a resource designed to navigate users through the complexities of selecting reliable platforms in a highly unregulated industry. Just as the guide helps users identify trustworthy sites amidst potential risks, the CFTC’s structured approach aims to ensure transparency and accountability for delegating CPOs. This process is expected to allow the CFTC to more efficiently handle the numerous pending and anticipated requests for relief from delegating CPOs who meet the outlined criteria.
Please click here for a link to the release and template of the letter that must be submitted to the CFTC. Please feel free to contact us with any questions at (212) 867-0200 or email us at info@counselworksllc.com.
Thank you,
CounselWorks
About CounselWorks LLC
CounselWorks is a strategic business and regulatory consulting firm, that provides project-based consulting and manages compliance and regulatory programs for hedge funds, private equity firms, investment companies, broker-dealers and investment banks.