MFA submitted a letter to CFTC Staff requesting a revision to Staff Letter 25‑50. The requested clarification addresses how the new relief interacts with delegation arrangements under Staff Letter 14‑126.
MFA appreciates the Staff’s thoughtful action in issuing Letter 25‑50, which reinstated exemptive relief from commodity pool operator (CPO) and commodity trading advisor (CTA) registration for certain SEC‑registered advisers operating commodity pools offered solely to qualified eligible persons.
The requested clarification aims to preserve that relief while maintaining regulatory certainty for widely used delegation frameworks.
