The Commodity Futures Trading Commission on Tuesday issued a final rule that allows commodity pool operators dually registered with both it and the Securities and Exchange Commission to rely on the latter’s disclosure, reporting, and recordkeeping compliance requirements.
The rule also amends the CFTC’s regulations to allow CPOs to use third-party service providers to maintain their books and records. CPOs and commodity trading advisors will also be allowed to update their disclosure documents once every 12 months, as opposed to the current nine-month basis.
