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The CFTC Division of Market Oversight (the "Division") granted time-limited relief to two companies from compliance with certain position aggregation requirements under CFTC Rule 150.4.
within Intellectual Property, Government, Public Sector, Food, Drugs, Healthcare and Life Sciences topic(s)
with readers working within the Consumer Industries industries
The CFTC Division of Market Oversight (the "Division")
granted time-limited relief to two companies
from compliance with certain position aggregation requirements
under
CFTC Rule 150.4.
The no-action relief is limited to the "firewall conditions
for the owned entity exemption in
[CFTC Rule] 150.4(b)(2)(i)(D) in connection with cash-market
trading decisions," which ordinarily permits disaggregation
where an owner and an owned entity do not share employees that
control trading decisions. The Division provided relief even though
the two entities share an employee who controls the cash market,
but not the derivatives trading decisions, of the owned
company.
The no-action relief will remain in effect until 12:01 a.m.,
Eastern Standard Time, on August 12, 2019.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
