CPO Registration Relief

On August 6th, the CFTC posted the Division of Swap Dealer and Intermediary Oversight’s June 20, 2014 letter granting a request for relief from the requirements to register as a commodity pool operator. The request was submitted by two families, whose patriarchs have been business partners of a large, publicly traded U.S. retailer since the company’s founding. Petitioners requested the CPO registration relief on behalf of the families, the S corporation founded solely to provide services to the families, and the S corporation’s employees, with regard to funds operated by the families that may invest in commodity interests.