PSCs should review their delegation agreements in light of the criteria listed and see if updates are desirable. Those who meet the criteria listed can ask staff for discharge through a streamlined approach by filling out a letter of application in the form attached to the letter. A single exemption application can be made by a delegated CPO for several product pools. Individuals who do not meet the criteria listed must submit a formal application for exemption in accordance with the standard non-recourse procedure. Individuals who have previously applied for a formal exemption from registration and have not received a response but meet the criteria listed can apply for facilitation as part of the streamlined approach. The letter does not affect the effectiveness of previous staff letters in facilitating the registration of the OPC for a delegated OPC. Employees of the Commodity Futures Trading Commission (CFTC) changed their position yesterday and no longer require an inactivity requirement to delegate commodity pool convenience operator (CPO) functions to individuals who might otherwise be subject to CPO (CPOs delegated) registration to registered PROCESSEURs (CPOs). If the criteria for the new CFTC staff action letter are met, the discharge is uneasy. As in previous CFTC staff guidelines for the delegation of the CPO The delegated CPO must continue to delegate the functions of CPO in accordance with an agreement that meets certain requirements, essentially similar to those of previous CFTC guidelines, and the Delegated OPC and the Designated OPC must be linked if the Delegated CPO and the Designated CPO are not individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 The CFTC has also provided individuals.1 additional details. that a person who is a captain or employee of the delegated CPO may also be a person who may also be involved in obtaining investors or have administrative duties for real estate at the pool under the designated OPC, without prohibiting the use of the letter, as long as (i) is clear about the nature in which the master or employee acts (ii) if it is properly registered (including an „associate person“ if it solicits investors) and (iii) it is subject to oversight under the designated CPO or commodity trading advisor. The letter is available under CFTC Letter 14-126. Delegations of CPO functions that do not meet all the requirements of the rule must continue to be forwarded to CFTC staff through their traditional non-action mail request procedure.