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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-27 compared with 2022-02-25 · 1 added, 2 removed, 33 unchanged (8% of the section changed)
22 unchanged sentences
Furthermore, USCF on behalf of UGA only enters into OTC swaps with counterparties who are, or are affiliates of, (a) banks regulated by a United States federal bank regulator, (b) broker-dealers regulated by the SEC, (c) insurance companies domiciled in the United States, or (d) producers, users or traders of energy, whether or not regulated by the CFTC.
−Removed: Any entity acting as a counterparty shall be regulated in either the United States or the United Kingdom unless otherwise approved by the Board
−Removed: after consultation with its legal counsel.
+Added: Any entity acting as a counterparty shall be regulated in either the United States or the United Kingdom unless otherwise approved by the Board after consultation with its legal counsel.
Existing counterparties are also reviewed periodically by USCF.
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.