On July 1 and July 8, the Division of Clearing and Intermediary Oversight of the Commodity Futures Trading Commission issued three no-action letters to commodity pool operators (CPOs) of commodity pools operated pursuant to an exemption under CFTC Regulation 4.7 and/or CFTC Regulation 4.13, granting the CPOs relief to use International Financial Reporting Standards in lieu of U.S. generally accepted accounting principles in the preparation of financial reports for the commodity pools. The relief was granted pursuant to CFTC Regulations 140.93 and 4.12(a).  

Read CFTC Letter No. 09-28.

Read CFTC Letter No. 09-29.

Read CFTC Letter No. 09-30.