A Beacon Press And Dominick Sartorio Bulletin: Fund Exemptions May Now Be Eliminated

FOR IMMEDIATE RELEASE
new york city, New York, United States of America (Free-Press-Release.com) March 22, 2011 -- “The Commodities Futures Trading Commission recently issued several proposals that would eliminate or narrow exemptions from registration and regulation currently available to investment funds.” stated Dominick Sartorio. The Commission has taken the position that these proposals are "consistent with the tenor of the provisions of the Dodd-Frank Act" even though they have not been actually mandated by the Act.

“If the proposals are in fact enacted, the Commission will appear to have more oversight of market participants including registered and private funds that are or will be participating in the commodity markets.” Mr. Sartorio also stated.

The Commission proposes to make, in general and among others, the following listed regulation amendments:
• Rescind registration exemptions available for commodity pool operators offering commodity pools;
• Require pool operators or commodity trading advisors claiming exempt or exclusion relief from registration to file annual notices;
• Require pool operators and trading advisors that are registered solely with the Commodities Futures Trading Commission to file detailed reports regarding their commodity trading activities;

• Amend the risk disclosure requirements in pool operator and trading advisor documents to include descriptions of certain risks related to swap transactions; and
• Implement a change to the reporting requirements and the criteria for participant qualifications for pool operators and trading advisors relying on Commodities Future Trading Commission Regulation 4.7.

Important to note is that the proposal is subject to a sixty (60) day comment period from the date the Proposing Release is published in the Federal Register.


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