Memo #
29491

ICI Provides Training for NFA Examination Staff; Materials Available on Committee Webpage
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[29491]

November 16, 2015

TO:

REGISTERED FUND CPO ADVISORY COMMITTEE

RE:

ICI PROVIDES TRAINING FOR NFA EXAMINATION STAFF; MATERIALS AVAILABLE ON COMMITTEE WEBPAGE

 

In late October, ICI provided a training session for examination staff of the National Futures Association.  Approximately 100 staff members from NFA’s Chicago and New York offices, including several senior compliance and legal officials, participated in the training.  Presenting at the session were Joanne Kane (Director, Operations and Transfer Agency, ICI), Greg Smith (Director, Fund Accounting, ICI), Tara Tilbury (Chair, ICI Registered Fund CPO Advisory Committee, and VP and Group Counsel, Ameriprise), Cary Meer (Partner, K&L Gates LLP), and Rachel Graham (Associate General Counsel, ICI).

The training session primarily focused on the following topics:

  • How registered funds are structured and organized
  • How investors buy shares in registered funds
  • Calculating the net asset value of a registered fund
  • Compliance obligations of registered fund commodity pool operators (CPOs)

ICI prepared a slide deck for use during the training session.  We also provided the examination staff with a chart that compares the CFTC and NFA requirements generally applicable to CPOs to the harmonized requirements applicable to registered fund CPOs.  Both documents are available under the “Links to Resources” heading on the committee webpage. [*]

 

Rachel H. Graham
Associate General Counsel

endnotes

* Committee members may access the webpage at https://www.ici.org/committees/reg_fund_cpo_advisory.