Position Limits for Futures and Swaps
At its October 18 open meeting, the Commodity Futures Trading Commission (the CFTC) also approved final rules on speculative position limits for futures and swaps. The final rules were approved by a 3-2 vote (Commissioners Sommers and O’Malia dissenting) and reflect certain material changes to the rules proposed in January, including the retention of certain aggregation exemptions that would have been eliminated by the proposed rules. The details of the final position limit rules are the subject of a forthcoming Katten Client Advisory.
The CFTC “Fact Sheets” and “Q&As” on the final position limit rules may be found here.
