MFA submitted a letter to the Commodity Futures Trading Commission (CFTC) seeking reinstatement of an exemption for pools that are only offered to qualified eligible persons (institutions and ultra-high net worth individuals) via a non-public offering.
The CFTC had such an exemption beginning in 2003. In 2012 the CFTC under Chair Gary Gensler rescinded the exemption. MFA members then became subject to NFA regulation.
The CFTC has placed this issue on its regulatory agenda, and MFA is requesting that the CFTC reinstate the rule.
