CFTC Expands CPO Registration Exemption for ABS Issuers under No-action Letter | Practical Law
On December 7, 2012, the CFTC issued an interpretation and no-action letter expanding the exemption for securitization vehicles from the CEA's "commodity pool" definition. The letter also extends until March 31, 2013 the deadline for registration as commodity pool operators (CPOs) for operators of nonconforming securitization vehicles.