After a decade of rulemaking efforts, the Commodity Futures Trading Commission is proposing revisions to its regulations concerning federal speculative position limits to conform to the Wall Street Transparency and Accountability Act of 2010 amendments to the Commodity Exchange Act.
The Proposal covers spot month and non–spot month position limits, bona fide hedging exemptions and other exemptions, and the Commission’s change in position on whether a “necessity finding” is required to impose position limits.