Exemptions

A CPO may request relief for its pools pursuant to certain CFTC Regulations. A CPO must claim relief electronically through NFA's Exemption System.  Below are regulations that may offer such relief: 

• Pursuant to CFTC Regulation §4.7, commodity pools whose participants are limited to qualified eligible persons (QEPs) may claim relief from providing such participants with a Disclosure Document and other CFTC requirements. More...
• Pursuant to CFTC Regulation §4.12(c), a CPO of a commodity pool whose units of participation are listed and traded on a national securities exchange may claim relief from certain disclosure, reporting, and recordkeeping requirements. More...
• Pursuant to CFTC Regulations §4.13(a)(3), commodity pools whose pool trades minimal amount of futures may claim relief from preparing a Disclosure Document and from other CFTC requirements. More ...
• Pursuant to CFTC Regulation §4.13(a)(5), certain independent directors or trustees of actively-managed commodity pools operated by a CPO that is eligible to claim relief under CFTC Regulation 4.12(c) may claim relief from CPO registration. More...
• Pursuant to CFTC Advisory No. 18.96, a CPO who operates offshore commodity pools may be eligible for relief from preparing a Disclosure Document and from other CFTC requirements. More...  *

*Exemptions pursuant to CFTC Advisory No. 18.96 must be filed with NFA in hardcopy. Please note that NFA's address listed in the CFTC advisory is incorrect. The correct address is: National Futures Association (Attn: Director of Compliance, Compliance Department), 300 South Riverside Plaza, Suite 1800, Chicago, Illinois, 60606.

File a Part 4 Exemption

File Annual Affirmation

CFTC Regulations Resources CFTC Part 4 Regulations Regulatory Requirements for Previously Exempt Commodity Pools (webinar) CFTC Part 4 Exemption - Easy Reference Guide CFTC Part 4 Exemption Regulations CFTC's DSIO Issues No-Action Relief from Rescission of Regulation 4.13(a)(4) and Amendments to Regulation 4.5