Two industry advocates, the Investment Company Institute and the U.S. Chamber of Commerce, have filed a suit in the U.S. District Court for the District of Columbia challenging the amendment to Rule 4.5 of the Commodity Futures Trading Commission—which requires registered investment companies trading in commodities to also register with the CFTC as “commodity pool operators.”

The agencies claim that the rule imposes “redundant regulations on registered investment companies—such as mutual funds and exchange traded funds (ETFs)—without satisfying the agency’s obligation to weigh the costs or benefits of the rule.”

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