Katten's Financial Markets and FundsQuick Takeis a monthly
newsletter highlighting key noteworthy developments potentially
affecting financial markets and funds.
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After the 43‑Day Shutdown: What CFTC Market Participants
and Registered Entities Should Expect
By Carl Kennedy
The federal government's 43‑day shutdown — which
ended with a late‑evening November 12 funding bill and
next‑day return to duty for furloughed staff — imposed
a near‑total pause on the Commodity Futures Trading
Commission's (CFTC) routine functions. During the lapse, the
CFTC ceased the vast majority of its operations. Only a minimal
essential workforce remained to address true emergencies posing
imminent threats to life or property. As a result, applications,
staff consultations, routine oversight and ongoing initiatives were
largely frozen, leaving a sizable backlog to work through as
