The National Futures Association provided guidance to commodity pool operators on how they can file notices with it to take advantage of recently amended regulations by the Commodity Futures Trading Commission that permit them to satisfy their financial reporting obligations using alternatives to generally accepted accounting principles for non­US pools. The guidance also covers how CPOs can file notices to permit the use of CFTC­granted audit requirement relief under limited circumstances (e.g., small first year period of operation or pool has insiders only). (Click here for background on the CFTC’s amended rules in the article “CFTC Codifies Prior Exemptive Relief Into Final Rules Regarding CPO Financial Reports” in the December 4, 2016 edition of Bridging the Week.)

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