CFTC Drafts Fund-Adviser Reporting Rules

The U.S.Commodity Futures Trading Commission(CFTC) has proposed certain reporting requirements for U.S. commodity funds and trading advisers,Pensions & Investmentsreports. The proposal requires the funds and advisers with at least $1 billion in assets to report quarterly on use of leverage counterparty risk and trading positions to provide regulators information on financial-system threats.

The measure, which has been drafted jointly with theSecurities and Exchange Commission, will apply to hedge fund advisers, commodity pool operators and commodity trading advisers registered with both agencies. The commissions will share the information reported under the new rules with other members of theFinancial Stability Oversight Council, the panel of regulators assigned to monitor companies with potential to threaten the broader economy.

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