On September 6th, the NFA announced it is modifying its Electronic Exemption System to assist persons currently operating a pool pursuant to a CFTC Regulation 4.13(a)(4) exemption that will qualify for an exemption under CFTC Regulation 4.7, 4.12 or CFTC Advisory 18-96, so that these persons may pre-file for the applicable exemption, with an effective date of January 1, 2013. By choosing the pre-filing option, the operator will not become subject to the additional reporting and disclosure requirements related to the newly claimed exemption until 2013. NFA Notice I-12-20.