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CFTC Defers Effectiveness of Oral Recording Requirements for Registered Commodity Trading Advisors Holding SEF Memberships

By Bryan Daly, Craig Stein & Jacob Preiserowicz on December 23, 2013
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On Dec. 21, 2013, the U.S. Commodity Futures Trading Commission issued broadly applicable no-action relief deferring (through May 1, 2014) the effectiveness of recordkeeping requirements that would have required fund managers registered as commodity trading advisors who hold swap execution facility memberships to preserve oral communications (including telephone calls) relating to any trading of commodity interests.

Click here to read more on the no-action relief.

Photo of Bryan Daly Bryan Daly

Bryan Daly is a partner in the Governmental and White Collar Defense Practice Groups and works out of the firm’s Los Angeles office. Bryan is a former Assistant U.S. Attorney for the Central District of California, Criminal Division, Public Corruption and Government Fraud…

Bryan Daly is a partner in the Governmental and White Collar Defense Practice Groups and works out of the firm’s Los Angeles office. Bryan is a former Assistant U.S. Attorney for the Central District of California, Criminal Division, Public Corruption and Government Fraud Section.

Read more about Bryan DalyEmail
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  • Posted in:
    Banking, Finance and Securities
  • Blog:
    Regulatory & Compliance Update
  • Organization:
    Schulte Roth & Zabel LLP

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