On June 26, the Division of Clearing and Intermediary Oversight (DCIO) of the Commodity Futures Trading Commission issued two no-action letters in response to requests from commodity pool operators (CPOs) for relief in connection with financial reporting requirements. The first letter denied the CPO’s request to extend beyond June 29 the deadline for filing the commodity pools’ 2008 annual reports. DCIO stated that the interests of pool participants in receiving timely information outweighed the CPO’s hardship in obtaining financial statements from investee pools. The second letter granted the CPO’s request for stub period relief due to liquidation of the commodity pool’s feeder funds, and allowed the CPO to file an 18-month (instead of a 12-month) report.
Read CFTC Letter No. 09-32.
Read CFTC Letter No. 09-33.