On December 16, 2014, the CFTC issued a no-action letter extending and expanding upon previously issued relief in CFTC Staff Letter No. 14-60, providing relief from oral recordkeeping requirements for commodity trading advisors under CFTC Regulation 1.35(a). The relief is set to expire on the earlier of December 31, 2015, or the effective date of any action with respect to the CFTC’s recent proposal to amend Regulation 1.35(a), published in the Federal Register on November 14, 2014.

The full text of the no-action relief letter is available at:

http://www.cftc.gov/ucm/groups/public/@lrlettergeneral/documents/letter/14-147.pdf