Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

CFTC May Adopt Mutual Fund-Registration Rules as Soon as Today

Don't Miss Out —
Follow us on:

Feb. 7 (Bloomberg) -- 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.

To contact the reporter on this story: Silla Brush in Washington at sbrush@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.