• CFTC Re-Proposes Speculative Position Limit Rules for Futures, Options and Swaps on Physical Commodities
  • January 3, 2014
  • Law Firm: Skadden Arps Slate Meagher Flom LLP - New York Office
  • On November 5, 2013, the Commodity Futures Trading Commission (CFTC) voted 3-1 to re-propose rules to establish speculative position limits for futures, options and economically equivalent swaps on certain agricultural, metal and energy commodities. The CFTC previously had adopted speculative position limit rules in October 2011 based on new authority provided under the DoddFrank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). However, just two weeks before the final rules were to become effective, the U.S. District Court for the District of Columbia vacated and remanded the CFTC rules.