Legal Definition of Commodity Pool

What is Legal Definition of Commodity Pool?

Legal Definition of Commodity Pool meaning 7 USC 1a(10) Commodity pool (A) In general The term ‘commodity pool’ means any investment trust, syndicate, or similar form of enterprise operated for the purpose of trading in commodity interests, including any – (i)commodity for future delivery, security futures product, or swap; (ii)agreement, contract, or transaction described in section 2(c)(2)(C)(i) of this title or section 2(c)(2)(D)(i) of this title;(iii)commodity option authorized under section 6c of this title; or (iv)leverage transaction authorized under section 23 of this title.(B) Further definition The Commission, by rule or regulation, may include within, or exclude from, the term commodity pool any investment trust, syndicate, or similar form of enterprise if the Commission determines that the rule or regulation will effectuate the purposes of this chapter.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary

Tags: