Staff of the Division of Swap Dealer and Intermediary Oversight of the Commodity Futures Trading Commission granted registration relief to a non-natural person commodity pool operator if it delegated all of its investment management authority to an unaffiliated non-natural person CPO, subject to various conditions. Among these conditions are that both the delegating and designated CPO agree to be jointly and severally liable for any violation of applicable law or CFTC rules. Previously, DSIO granted potential registration relief to non-natural person CPOs that delegated their management authority to other non-natural person registered CPOs provided both entities were affiliated. (Click here for background on this earlier DSIO delegation authority in the article “CFTC Makes Self-Executing and Expands Certain Relief Related to Delegating CPOs” in the October 19, 2014 edition of Bridging the Week.)