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ARTICLE · 19 AUGUST 2026

CFTC Publishes Its 2026 Regulatory Priorities Agenda

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The CFTC has released its 2026 regulatory priorities agenda under new Chairman Michael Selig, outlining significant proposed changes to commodity pool operator exemptions, large trader reporting requirements, and foreign exchange product classifications. Asset managers participating in commodities and derivatives markets will need to understand how these regulatory modifications may affect their registration obligations, reporting burdens, and treatment of various financial instruments.

United StatesFinance and Banking
Dechert LLP
Dechert LLP

On July 7, 2026, the Office of Information and Regulatory Affairs published the list of regulatory changes the CFTC plans to propose and finalize within the 2026 calendar year.1 This is the first regulatory priorities agenda from current CFTC Chairman Michael Selig, who was sworn into office December 22, 2025. Some items on the agenda reflect a continuation of rulemaking initiatives from then-Acting Chairman Caroline Pham’s Spring 2025 agenda, which was published in September 2025, while other agenda items are new.

As of the date of the publication of this Dechert Newsflash, proposed rulemakings on the CFTC’s list that have not already been addressed and are of likely interest to asset managers participating in the commodities and derivatives markets are as follows:

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