Clifford Chance

The Impact of CPO Rule Changes

17 September 2012

In December changes to the rules of the Commodity Futures Trading Commission relating to funds and other collective investment vehicles will require many investment managers, banks and other financial institutions to register for the first time as commodity pool operators if they operate such funds, or as commodity trading advisers if they advise funds with respect to regulated commodity investments and are not the relevant fund’s CPO.

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