UK:
Casting The Net - Will You Be Caught By US Rules Affecting UK Fund Managers?
09 October 2012
CMS Cameron McKenna Nabarro Olswang LLP
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Recent changes to the Commodity Exchange Act (the
"CEA") required under the Dodd-Frank
Wall Street Reform and Consumer Protection Act ("Dodd
Frank") to expand the definition of Commodity Pool
Operator ("CPO") so as to include those
managing funds utilising swaps, together with changes by the
Commodity Futures Trading Commission
("CFTC") in relation to its Regulation
4.5 exemption to registration, are likely to significantly increase
the number of UK fund managers (with US investors or trading in the
United States) who will be required to register as a CPO with the
CFTC. Are you one of the UK fund managers potentially affected? Is
there anything you can do about this? Click
here for further details.
This article was written for Law-Now, CMS Cameron
McKenna's free online information service. To register for
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Law-Now information is for general purposes and guidance
only. The information and opinions expressed in all Law-Now
articles are not necessarily comprehensive and do not purport to
give professional or legal advice. All Law-Now information relates
to circumstances prevailing at the date of its original publication
and may not have been updated to reflect subsequent
developments.
The original publication date for this article was
28/09/2012.
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