CFTC No-Action Relief for Commodity Pools
On April 2, the CFTC issued a time limited no-action letter that extended the deadline for compliance with reporting for commodity pool operators of securitization vehicles from March 31 until June 30. CFTC No Action Letter.
Fed Final Rule on Financial Supervision
On April 3, the Fed approved a final rule establishing the requirements to determine when a nonbank financial company is 'predominantly engaged in financial activities' in order for the Financial Stability Oversight Council (FSOC) to determine whether the company should be supervised by the Fed. The final rule will become effective on May 6. Fed Release. Fed Final Rule.