Exemptions Available to CPOs

A commodity pool operator (CPO) may request relief for its pools pursuant to certain CFTC regulations. Below are regulations that may offer such relief:

• CFTC Regulation 4.5: Exclusion for certain otherwise regulated persons from the definition of the term CPO
• CFTC Regulation 4.7: Exemption from certain Part 4 requirements for CPO with respect to offerings to qualified eligible persons
• CFTC Regulation 4.7(b)(5) [formerly CFTC Regulation 4.7(b)(4)]: Recordkeeping relief for CPOs that operate 4.7 exempt pools
• CFTC Regulation 4.12: Exemption from provisions of Part 4
• CFTC Regulation 4.13: Exemption from registration as a CPO
• CFTC Regulation 4.22(d): Alternative GAAP relief
• CFTC Regulation 4.23: Recordkeeping relief
• CFTC Advisory No. 18-96: Exemption from provisions of Part 4 for offshore Commodity Pools*

Please note: CPOs must claim relief electronically through NFA's Exemptions System.

*Exemptions pursuant to CFTC Advisory No. 18-96 must be filed with NFA in hardcopy to the following address:

National Futures Association
Attn: Director of Compliance, Compliance Department
320 South Canal, Suite 2400
Chicago, Illinois 60606