The Commodity Futures Trading Commission Division of Swap Dealer and Intermediary Oversight said it would not require family offices that provide advisory services to family clients to register with the CFTC as a commodity trading advisor. Family offices are typically professional organizations that are wholly owned by clients in a family and exclusively controlled by one or more family members and/or entities controlled by a family. Family offices must file a formal claim with the Division containing certain enumerated information—which is effective upon filing—to take advantage of this relief.