CFTC Open Meeting, January 26, 2011

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Dodd-Frank Timeline, CPO/CTA Registration, CFTC
Final Rule Issue Effective Date Compliance Date
February 9, 2012 July 2, 2012 by December 2012*
Dodd-Frank Timeline, Investment Adviser Reporting, Joint SEC-CFTC Rulemaking
Final Rule Issue Effective Date Compliance Date
November 16, 2011 March 31 2012 June 15, 2012*

Open Meeting on Eleventh Series of Proposed Rules under the Dodd-Frank Act
Link to archive webcast:

The Commodity Futures Trading Commission (CFTC) public meeting focused on the issuance of proposed rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics:

  • Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF (joint with the Securities and Exchange Commission) and
  • Commodity Pool Operators and Commodity Trading Advisors: Amendments to Compliance Obligations.[1]

Meeting Summary

Both proposals passed 5-0. The proposals were entered into the Federal Register on February 11, 2011. The period for public comment will be open until April 12, 2011.

Related Documents

Commodity Trading Advisors:

Read comment letters.png
Read proposed rule.png

Commodity Pool Operators

Read comment letters.png
Read proposed rule.png

Private Fund Systemic Risk Reporting
Click here for related documents.


Chairman Gary Gensler; whose statements include:

  • Thanks to staff of CFTC and SEC for working jointly to address these systemic risk issues, in keeping with the goals of the Financial Stability Oversight Council (FSOC)
  • Requested an addition to the proposal to include a question about additional De Minimis exemption thresholds for reporting requirements.

Commissioner Michael V. Dunn, whose statements include:

  • Reiteration of his concern regarding the continuing budgetary freeze. Concern that the problem will be worse in July, 2011, when many of the Dodd-Frank Act regulations go into effect.
  • Beileves that, without adequate funding for additional staff, CFTC will move from a "principal" to "restrictive" regime.

Commissioner Bart Chilton,present through a remote link,

  • Funding issues are "a symptom of a larger problem," and, while the Commission has been working tirelessly to put rules in place, it cannot provide enforcement or oversight without adequate funding.
  • Regarding the proposals, Chilton is particularly interested in the comment period, to see if entities will seek additional exemptions.

Commissioner Scott O’Malia; whose statements include:

  • Commendation for the way domestic and international regulators have worked together to address "regulatory gaps" in reporting requirements.
  • Clarification from staff that the form PF can be filed electronically, and that the NFA will be charged with the task of coordinating and maintaining the filings.
  • Citing inclement weather, O'Malia announced the postponement of the Tech Advisory Committee meeting scheduled for Thursday, January 27, 2011.


  1. CFTC. Retrieved on May 31, 2011.

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