December 9, 2014

Deadline for Mutual Funds to Reaffirm Their CFTC Rule 4.5 Notices

A mutual fund currently relying on Rule 4.5 under the Commodity Exchange Act must reaffirm or withdraw of its existing notice by March 2, 2015. Rule 4.5 requires each mutual fund that filed a notice of exclusion under the rule to reaffirm the notice within 60 days of the calendar year end, or withdraw the exclusion. A mutual fund may be in the position to withdraw the exclusion because it is no longer engaged in the trading of commodity interests or because registration of the fund’s investment adviser as a CPO is required).

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