The Commodity Futures Trading Commission ("CFTC") issued November 6, an Advance Notice of Proposed Rulemaking on CPO and CTA Registration Exemptions. The CFTC has published two rule proposals—one submitted by the National Futures Association and the other submitted by the Managed Funds Association—each of which would significantly expand the categories of pools whose operators and advisors need not register with the CFTC. The CFTC is seeking comments on the rule proposals, which must be submitted within 60 days of the publication date in the Federal Register.