Webinar: “Implications of Changes to CFTC Rule 4.5”

February 21, 2012
Deborah A. Monson
Elizabeth J. Reza


The Commodity Futures Trading Commission recently announced final rules rescinding or revising registration exemptions for hedge funds, and revising the exclusion from registration for registered investment companies. As a result, hedge fund sponsors and advisers will need to determine whether an alternative exemption is available or whether registration is required. Registered investment companies will have to examine the structure and the amount of trading in futures, options and swaps, as well as their marketing to determine whether their advisers will need to register.

Mutual Funds

This program will focus on the new trading and marketing restrictions for mutual funds to continue to be excluded from the definition of a commodity pool operator, and on what fund advisers will need to do if the exclusion is not available.