“Fund managers will not have to provide investors with any additional information about their use of derivatives, following an about-face by the Commodity Futures Trading Commission.
“The CFTC decided on Tuesday to allow funds to continue using the existing disclosure regime, despite having prevailed in a court showdown with the industry and forcing hundreds of fund management firms to register with the commission.
“The decision is the latest example of the regulator pulling back from turf wars with other agencies in the US and abroad.
“The CFTC this year started requiring managers of mutual funds and other retail investment vehicles to register as “commodity pool operators” if their funds use derivatives to juice their returns.”
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