MFA - Managed Funds Association

02/25/2026 | Press release | Distributed by Public on 02/25/2026 10:45

MFA submits letter to CFTC on Staff Letter 25-50

MFA submitted a letter to CFTC Staff requesting a revision to Staff Letter 25-50. The requested clarification addresses how the new relief interacts with delegation arrangements under Staff Letter 14-126.

MFA appreciates the Staff's thoughtful action in issuing Letter 25-50, which reinstated exemptive relief from commodity pool operator (CPO) and commodity trading advisor (CTA) registration for certain SEC-registered advisers operating commodity pools offered solely to qualified eligible persons.

The requested clarification aims to preserve that relief while maintaining regulatory certainty for widely used delegation frameworks.

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