{"id":531,"date":"2012-10-15T09:00:03","date_gmt":"2012-10-15T13:00:03","guid":{"rendered":"http:\/\/centerforfinancialstability.org\/wp\/?p=531"},"modified":"2012-10-15T09:12:45","modified_gmt":"2012-10-15T13:12:45","slug":"cftc-dsio-letter-regarding-bona-fide-hedging-exemption-for-registered-investment-companies","status":"publish","type":"post","link":"https:\/\/centerforfinancialstability.org\/wp\/2012\/10\/15\/cftc-dsio-letter-regarding-bona-fide-hedging-exemption-for-registered-investment-companies\/","title":{"rendered":"CFTC DSIO Letter Regarding Bona Fide Hedging Exemption for Registered Investment Companies"},"content":{"rendered":"<p> The CFTC Division of Swap Dealer and Intermediary Oversight (DSIO) issued the attached letter that clarifies, and significantly broadens, in light of the recent court decision regarding the CFTC\u2019s position limits rule, the scope of the <em>bona<\/em> <em>fide<\/em> hedging exemption from the trading thresholds as applied to registered investment companies pursuant to Rule 4.5.<\/p>\n<p class=\"Action_Box\"><em><strong>Lofchie Comment:&nbsp;&nbsp; <\/strong><\/em>Although not remarked on in the letter, the CFTC&#8217;s expansion of its registration requirement as to registered investment companies is also the subject of challenge in the courts.&nbsp;<a href=\"http:\/\/centerforfinancialstability.org\/wp\/?p=432\"> See previous post.<\/a><\/p>\n<p class=\"Comment_Box\"><strong>See:&nbsp; <\/strong><span class=\"Body\"><a title=\"12-19\" href=\"http:\/\/cftc.gov\/LawRegulation\/CFTCStaffLetters\/12-19\">CFTC Letter 12-19 <img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/cftc.gov\/ucm\/fragments\/web_header\/img\/icon-pdf.png\" alt=\"PDF Image\" border=\"0\" height=\"12\" width=\"12\"><\/a> <em>Commission Regulations 4.5 and 1.3(z); Interpretation.<br \/><\/em><\/span><strong>See also<\/strong>: <a href=\"http:\/\/cftc.gov\/PressRoom\/PressReleases\/pr6387-12\">CFTC Press Release<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CFTC Division of Swap Dealer and Intermediary Oversight (DSIO) issued the attached letter that clarifies, and significantly broadens, in light of the recent court decision regarding the CFTC\u2019s position limits rule, the scope of the bona fide hedging exemption &hellip; <a href=\"https:\/\/centerforfinancialstability.org\/wp\/2012\/10\/15\/cftc-dsio-letter-regarding-bona-fide-hedging-exemption-for-registered-investment-companies\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-531","post","type-post","status-publish","format-standard","hentry","category-reg"],"_links":{"self":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/comments?post=531"}],"version-history":[{"count":2,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/531\/revisions"}],"predecessor-version":[{"id":533,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/posts\/531\/revisions\/533"}],"wp:attachment":[{"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/media?parent=531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/categories?post=531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/centerforfinancialstability.org\/wp\/wp-json\/wp\/v2\/tags?post=531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}