What are Commodity Exchange Act Registered Entities?
Commodity Exchange Act Registered Entities are entities that are registered under the Commodity Exchange Act (CEA), such as futures commission merchants, swap dealers, and commodity pool operators. These entities are heavily regulated by the Commodity Futures Trading Commission (CFTC) and are subject to strict reporting and oversight requirements under the CEA.
Because of the rigorous regulatory environment in which they operate, these entities are typically exempt from Beneficial Ownership Information (BOI) reporting. The exemption recognizes that the existing regulatory framework for these entities already provides sufficient transparency and oversight to prevent financial crimes like money laundering or fraud.
This exemption applies to entities like:
- Futures Commission Merchants (FCMs).
- Swap Dealers.
- Commodity Pool Operators (CPOs).
These entities must still comply with other regulatory requirements under the CEA and the CFTC but are not required to file additional BOI reports under the Corporate Transparency Act.
