{"abstract":"The Commodity Futures Trading Commission (Commission or CFTC) is amending rules which provide an exclusion from the definition of the term \"commodity pool operator\" (CPO) for certain persons, and which provide exemption from CPO and commodity trading advisor (CTA) registration, respectively, for certain other persons, so as to expand the availability of the relief provided by these rules. These amendments supercede the no-action relief the Commission previously issued with respect to the trading criteria for certain persons and the need to register as a CPO or CTA for certain other persons. The Commission also is amending its rules to facilitate communications by CPOs and CTAs, by permitting certain communications prior to Disclosure Document delivery; relieving CPOs from duplicative disclosure and reporting requirements in the \"master/feeder fund\" context; permitting CPOs to distribute Account Statements and Annual Reports electronically; permitting CPOs to use facsimile signatures on Account Statements and Annual Reports; and conforming various signature requirements. Further, the Commission is addressing certain issues related to the calculation and presentation of past performance by CPOs and CTAs not addressed in the recent final rulemaking on CPO and CTA past performance.","action":"Final rules.","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2003/08/08/03-20094.html","cfr_references":[{"chapter":null,"citation_url":null,"part":4,"title":17}],"citation":"68 FR 47221","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective August 8, 2003 except Sec. 4.35(a)(1)(viii) which is effective September 8, 2003.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"03-20094","effective_on":"2003-08-08","end_page":47237,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2003/08/08/03-20094.xml","html_url":"https://www.federalregister.gov/documents/2003/08/08/03-20094/additional-registration-and-other-regulatory-relief-for-commodity-pool-operators-and-commodity","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/03-20094?publication_date=2003-08-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2003-08-08/03-20094/mods.xml","not_received_for_publication":null,"page_length":17,"page_views":{"count":825,"last_updated":"2026-07-26 04:15:02 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2003-08-08/pdf/03-20094.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2003-08-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2003/08/08/03-20094.txt","regulation_id_number_info":{"3038-AB97":{"issue":"200304","html_url":"https://www.federalregister.gov/regulations/3038-AB97/exclusion-for-certain-otherwise-regulated-persons-from-definition-of-commodity-pool-operator-exempti","title":"Exclusion for Certain Otherwise Regulated Persons From Definition of Commodity Pool Operator; Exemption From Certain Part 4 Requirements for Commodity Pool Operators and Commodity Trading Advisors","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200304&RIN=3038-AB97&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3038-AB97"],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":47221,"subtype":null,"title":"Additional Registration and Other Regulatory Relief for Commodity Pool Operators and Commodity Trading Advisors; Past Performance Issues","toc_doc":"Registration exemption and other regulatory relief","toc_subject":"Commodity pool operators and commodity trading advisors:","topics":["Advertising","Commodity futures"],"type":"Rule","volume":68}