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CFTC Update: CFTC Proposes New Position Limits and Aggregation Rules

by Fried Frank Harris Shriver Jacobson LLP - New York Office

November 11, 2013

Previously published on November 7, 2013

On November 5, 2013, the Commodity Futures Trading Commission (the “Commission” or “CFTC”) approved proposed position limits rules (the “Proposed Position Limits Rules”) and proposed new aggregation standards for determining compliance with position limits (the “Proposed Aggregation Standards” and, together with the Proposed Position Limits Rules, the “Proposed Rules”). The CFTC voted three to one in favor of the Proposed Position Limits Rules, with Commissioner Scott O’Malia dissenting, and unanimously in favor of the Proposed Aggregation Standards. Both proposals will be open for public comment commencing 60 days after publication in the Federal Register. These proposals are designed to implement certain statutory amendments which were added to the Commodity Exchange Act by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), as interpreted by the Commission.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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