Resources/ Updates

Jul05

CTAs Seeking CFTC Third-Party Recordkeeping Relief

Per the CFTC’s Division of Swap Dealer and Intermediary Oversight Exemptive Letter No. 17-24 of April 20, 2017, registered commodity trading advisors (CTA) can be relieved from keeping the books and records at the main business office.

  • Any CTA using a third-party recordkeeper must file a notice of claim with the CFTC following the procedures in the exemptive letter.
  • Any CTA that files this notice of claim must notify NFA by accessing NFA’s Exemptions System
  • See NFA Notice to Members I-17-11 for the access steps.

Related Resources

NFA Notice to Members I-17-11: Important request for CTAs using the CFTC’s third-party recordkeeping relief ~ June 30, 2017

CFTC Exemptive Letter No. 17-24 ~ April 20, 2017

CFTC Regulations: 4.33 and 4.7(c)(2)]

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