MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 7, 2012 CFTC Wants YOU to Register Your Mutual Fund For mutual fund firms whose offerings deal with commodities-tied derivatives, a new regulatory burden is approaching. Bloomberg's Silla Brush reports that the Commodity Futures Trading Commission (CFTC) is about to complete, as soon as today, new rules requiring mutual funds that use such derivatives to register with the CFTC. The change comes in part thanks to the pushing of the National Futures Association, a Chicago-based trade group and self-regulatory organization, and despite opposition from the mutual fund industry's own Washington, D.C.-based Investment Company Institute (ICI). The CFTC previously granted mutual funds exemptions from CFTC registration. The news first broke last month that the CFTC's five commissioners might privately vote on such a change [see MFWire.com, 1/23/2012]. Printed from: MFWire.com/story.asp?s=39086 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |