The US Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) has issued a letter that exempts commodity trading advisors (CTAs) that are registered but do not direct any client commodity interest accounts from filing Commission Form CTA-PR.
The letter states DSIO’s position that requiring CTAs that do not direct any client commodity interest accounts to file a Form CTA-PR would provide limited additional information regarding that CTA beyond that already available to the Commission as part of the registration process and the CTA’s ongoing obligations as a registrant. Accordingly, the letter provides an exemption for these registrants from the reporting provisions of Commission Regulation 4.27(c).
