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Clifford Chance

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CFTC's Proposal to Repeal or Restrict Exemptions from Commodity Pool Operator and Commodity Trading Advisor Regulation

5 May 2011

The Commodity Futures Trading Commission (the "CFTC") has proposed rules that would remove the exemptions that many US fund managers and non US fund managers of US funds currently rely on to avoid the need to register as commodity pool operators ("CPOs") and commodity trading advisors ("CTAs") in the United States.

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