Commodity Futures Trading Commission: Investment of Customer Funds and Funds Held in an Account for Foreign Futures and Foreign Options Transactions
GAO-12-354R, Jan 3, 2012
GAO reviewed the Commodity Futures Trading Commission's (Commission) new rule investment of customer funds and funds held in an account for foreign futures and foreign options transactions. GAO found that (1) the final rule amends the Commissions regulations regarding the investment of customer segregated funds subject to Commission Regulation 1.25 and funds held in an account subject to Commission Regulation 30.7 and funds subject thereto. The amendments address: certain changes to the list of permitted investments (including the elimination of in-house transactions), a clarification of the liquidity requirement, the removal of rating requirements, and an expansion of concentration limits including asset-based, issuer-based, and counterparty concentration restrictions; and (2) Commission complied with applicable requirements in promulgating the rule.