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ARTICLE · 24 JANUARY 2017

CFTC Re-Proposes Position Limits Rule And Finalises Aggregate Positions Rule

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On December 5 2016 the CFTC voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Act.

United StatesFinance and Banking
Donna Parisi
Donna Parisi
Geoffrey Goldman
Geoffrey Goldman
Azam Aziz
Azam Aziz
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On December 5 2016 the Commodity Futures Trading Commission (CFTC) voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Act.1 In a separate vote, the CFTC approved final aggregation regulations, which are a key component of the CFTC's existing position limits regime.2 The re-proposal will be open for public comment for 60 days after publication in the Federal Register.

In response to comments on a prior proposal published in December 2013 and on a supplemental proposal published in June 2016, the CFTC is re-proposing limits on speculative positions in 25 core physical commodity futures contracts and their economically equivalent futures, options and swaps (referenced contracts), and is deferring action on three cash-settled commodities.

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