Amendments to Compliance Requirements for CPOs

April 15th | 2020

Proposed Rule: Amendments to Compliance Requirements for Commodity Pool Operators on Form CPO-PQR

The CFTC approved a proposal to amend certain compliance requirements for commodity pool operators (CPO) in Regulation 4.27 and Form CPO-PQR. The proposal eliminates certain pool-specific reporting requirements and questions regarding a pool’s auditors and marketers; and amends the information in existing Schedule A of the form to request Legal Entity Identifiers (LEIs) for CPOs and their commodity pools. The proposal would also allow CPOs to file the NFA’s Form PQR instead of CFTC’s Revised Form CPO-PQR, which reduces the filing burden for some firms.

These amendments, if adopted, will focus Form CPO-PQR on data elements that facilitate the CFTC’s oversight of CPOs and their pools while reducing overall data collection requirements for CPOs by relying on data from other existing sources. This proposed rule has a 60-day comment period starting today.

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