To achieve “regulatory consistency, transparency and clarity,” the Commodity Futures Trading Commission (CFTC) Division of Enforcement (Division) has issued an advisory (Advisory) with guidance to its staff on evaluating matters that they recommend to the Commission for enforcement. This article parses the Advisory’s instructions on evaluating self-reporting, cooperation and remediation, as well as the associated statements of CFTC leaders. See our two-part series on revisions to the DOJ’s Corporate Enforcement Policy: “A More Amenable DOJ Looks to Negotiate” (Feb. 1, 2023), and “Parsing the Policy for the Path to a Declination” (Feb. 15, 2023).