Letters

Temporary Exclusion for Investments in Securitizations

Summary

SIFMA, Investment Adviser Association (IIA), Investment Company Institute (ICI) and the Managed Funds Association (MFA) provide comments to the Commodity Futures Trading Commission (CFTC) requesting a temporary exclusion from including an investment in a securitization vehicle as a “commodity interest.” The groups request this relief because investors/investment funds lack sufficient information to determine:  (1) whether a particular securitization vehicle is a commodity pool; (2) whether a securitization vehicle that an investor has invested in is eligible for relief granted by the CFTC; and (3) how to calculate an investment in a securitization vehicle.

Also Read: SIFMA Submits Comments to the CFTC on Applicability of Commodity Pool Regulation to Insurance-Linked Securities (November 15, 2012)

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