State Street Corporation announced that it has developed a suite of services to assist clients with compliance testing and reporting requirements for the Commodity Futures Trade Commission's (CFTC) rule amendments announced last year. The new service offerings will help investment companies registered under the Investment Company Act of 1940 (1940 Act) and private investment vehicles comply with new CFTC rules impacting funds that invest in certain derivative instruments. The amendments to the CFTC rules require investment advisers that are considered to be a commodity pool operator (CPO) to register with the CFTC unless the CPO qualifies for one of the exemptions outlined by the CFTC.

State Street's CFTC services include initial diagnostic testing to help clients determine if they qualify for de minimus exemptions from the CFTC's required registration as a CPO. The new offering also provides clients with daily compliance testing and filing of annual notices for those clients claiming an exemption; monthly or quarterly financial statements, enhanced prospectus financial data and provision of data for Form CPO-PQR reporting for those clients whose advisers are designated as a CPO.