CFTC seeks comment on proposed changes to part 4 rules
The CFTC says the proposal would trim duplicative and overlapping regulation for commodity pool operators and commodity trading advisors.
The Commodity Futures Trading Commission has published a proposed rule and is asking for public comment on changes to part 4 of its regulations.
The CFTC said the notice of proposed rulemaking would amend part 4 of its rules, which cover registration requirements for commodity pool operators and commodity trading advisors. The commission said the changes are intended to reduce duplicative and overlapping regulation.
The agency did not provide details in its release about the text of the amendments, a comment deadline or when any changes might take effect.
In a statement released by the agency, Chairman Michael S. Selig said the CFTC is addressing overly burdensome and duplicative rules for its registrants. He said the commission is working to promote U.S. market competitiveness, unwind overregulation and cut red tape while preserving market integrity.
The release did not identify any additional affected groups beyond commodity pool operators and commodity trading advisors. It also did not say whether the proposal changes reporting, registration forms or other compliance steps.
What happens next depends on the public comment process and any later commission action on the proposal.
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