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The CFTC Proposes New Rule on Position Limits

Client memorandum | March 16, 2020

On January 30, 2020, the Commodity Futures Trading Commission (the “Commission” or “CFTC”) approved a new proposed rulemaking that would amend CFTC regulations concerning federal speculative position limits (the “Proposal”). The Commission has previously issued a number of proposed rulemakings regarding federal position limits, but none became effective; the Commission is now withdrawing its prior proposals from further consideration. The Commission also previously adopted a final rule and rule amendments regarding the aggregation of positions, which remain in effect and also would apply to any federal position limits in effect in the future.

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