Source: https://www.federalregister.gov/documents/2012/03/26/C1-2012-3390/commodity-pool-operators-and-commodity-trading-advisors-compliance-obligations
Timestamp: 2019-01-17 15:26:16
Document Index: 665536110

Matched Legal Cases: ['§\u20094', '§\u2009230', '§\u2009203', '§\u20094', '§\u20094', '§\u20094', '§\u20094', '§\u20094']

Federal Register :: Commodity Pool Operators and Commodity Trading Advisors: Compliance Obligations
A Rule by the Commodity Futures Trading Commission on 03/26/2012
This document is a correction of an document that was published on 02/24/2012. View Uncorrected Document
17328-17331 (4 pages)
C1-2012-3390
https://www.federalregister.gov/d/C1-2012-3390 https://www.federalregister.gov/d/C1-2012-3390
Exclusion from the definition of the term “commodity pool operator.”
3. In § 4.7:
a. Revise paragraphs (a)(3)(ix), (a)(3)(x), and (b)(3) to read as follows:
(ix) A natural person whose individual net worth, or joint net worth with that person's spouse at the time of either his purchase in the exempt pool or his opening of an exempt account would qualify him as an accredited investor as defined in § 230.501(a)(5) of this title;
(x) A natural person who would qualify as an accredited investor as defined in § 203.501(a)(6) of this title;
a. Revise paragraphs (a)(3)(ii)(B)(1) and (2);
c. Revise paragraph
(ii) Contain the section number pursuant to which the operator is filing the notice (i.e., § 4.13(a)(1), (2), or (3)) and represent that the pool will be operated in accordance with the criteria of that paragraph; and
a. Revise paragraph (a)(8)(i)(D); and
Exemption from registration as a commodity trading adviser.
(D) A commodity pool operator who has claimed an exemption from registration under § 4.13(a)(3), or, if registered as a commodity pool operator, who may treat each pool it operates that meets the criteria of § 4.13(a)(3) as if it were not so registered; and
7. In § 4.34, add paragraph (b)(4) to read as follows:
8. Effective July 2, 2012, revise § 4.27, as added November 16, 2011, at
Additional reporting by advisors of certain large commodity pools.