US Commodity Futures Trading Commission Reproposes Position Limits Rule And Finalizes Aggregate Positions Rule

On December 5, 2016, the Commodity Futures Trading Commission voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Act. In a separate vote, the CFTC approved final aggregation regulations, which are a key component of the CFTC's existing position limits regime. The reproposal 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 reproposing 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.