CFTC May Adopt Fund-Registration Rule as Soon as Tomorrow

The U.S. Commodity Futures Trading Commission may complete rules as soon as today requiring registration by mutual funds when they have investments in commodities, according to a person briefed on the matter.

The agency circulated the rule in a private voting process among the CFTC’s five commissioners, according to the person who declined to be identified because the process isn’t public.

The rule would rescind exemptions from CFTC registration for mutual funds that use derivatives tied to commodities. The National Futures Association, a Chicago-based nonprofit regulator financed by the industry, sought the change to improve protection of retail investors.

The Investment Company Institute, a Washington-based trade association that represents mutual funds, opposed the proposed change in a letter last year and said the firms are already subject to regulation by the Securities and Exchange Commission.

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To contact the editor responsible for this story: Maura Reynolds at

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