SFA Member Alert: SFA Member Alert: CFTC Issues CPO No-Action Letter

Published on November 25, 2025

SFA Member Alert: CFTC Issues CPO No-Action Letter

On November 21, the Commodity Futures Trading Commission issued a no-action letter to the

Structured Finance Association. In response to SFA’s previous advocacy, the CFTC’s letter provides relief from commodity pool operator (CPO) registration and certain compliance requirements for banks setting up or operating the special purpose vehicles (SPVs) in certain CRT transactions.

If you would like to join SFA’s CFTC Regulatory Review Task Force, please fill out this join form.* For more information, please email SFA Committees.

Join the CFTC Regulatory Review Task Force

*Please note that participation in SFA Committees and Task Forces is limited to SFA members.
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SFA Member Alert: SFA Submits Response to SEC’s RMBS/ABS Concept Release

November 26, 2025
SFA Submits Response to SEC’s RMBS/ABS Concept ReleaseOn November 25, 2025, the Structured Finance Association (SFA) responded to the U.S. Securities and Exchange Commission’s (SEC) Concept Release regarding rules pertaining to residential mortgage-backed securities (RMBS) and asset-backed securities (ABS).SFA’s response offers feedback on how asset-level disclosures and the definition of asset-ba