FREE: Washington DC Compliance Roundtable: CFTC Adopts Rules Streamlining the Regulations for Commodity Pool Operators and Commodity Trading Advisors
January 23 @ 3:30 pm - 5:30 pm CST
Join us and Amanda Olear, Acting Deputy Director of the Commodity Futures Trading Commission (“CFTC”), to learn about and discuss the CFTC’s recent amendments to the Part 4 Regulations. These amendments intend to simplify the regulatory obligations of commodity pool operators (“CPOs”) and commodity trading advisors (“CTAs”).
In this session, we will cover the CFTC’s codification of various long-standing staff advisories and no-action letters, as well as its harmonization of relief with other regulators, such as the Securities and Exchange Commission (“SEC”).
CFTC rule amendments that we will discuss in this session include:
- Adoption of CPO and CTA exemptions for entities meeting definition of “family office,” similar to the exclusion from investment adviser registration provided by the SEC;
- Permission of general solicitations by private funds operating under Rules 4.13(a)(3) and 4.7 to correspond with securities law amendments to Regulation D and 144A;
- Clarification that the Rule 4.5 exclusions for registered investment companies (“RICs”) should be claimed by the entity that solicits for the fund, which is typically the registered adviser (as opposed to the fund itself);
- Inclusion of business development companies (“BDCs”) in the Rule 4.5 exclusion from CPO registration, similar to the treatment of RICs; and
- Elimination of certain filing requirements in connection with Forms CPO-PQR and CTA-PR.
Amanda Olear is Acting Deputy Director for the Registration and Compliance Branch and Associate Director in the Managed Funds and Financial Requirements Branch in the Division of Swap Dealer and Intermediary Oversight (DSIO) at the Commodity Futures Trading Commission (CFTC). Ms. Olear has worked at the CFTC since 2007 and has focused on the operations of commodity pool operators and commodity trading advisors, but more recently has expanded her responsibilities to include registration and compliance issues involving swap dealers, introducing brokers, and associated persons. Ms. Olear regularly advises members of the public regarding the application of Part 4 of the CFTC’s regulations.
Ms. Olear received her J.D., with honors, from the University of Maryland School of Law in 2004, where she was inducted into the Order of the Coif.
Nicole Kalajian of Stradley Ronon will moderate and host the Chicago session. E-mail Kathy Petrusek at firstname.lastname@example.org to register.