4.8 Exemption from certain requirements of rule 4.26 with respect to pools offered or sold in certain offerings exempt from registration under the Securities Act.

4.7 Exemption from certain part 4 requirements for commodity pool operators with respect to offerings to qualified eligible persons and for commodity trading advisors with respect to advising qualified eligible persons.PART 4 – COMMODITY POOL OPERATORS AND COMMODITY TRADING ADVISORS7 U.S.C. 1a,6(c),6l,unless otherwise noted.6b,6m,6c,2,and 23.46 FR 26013,6o,May 8,12a,1981,6n,