Regulatory Alerts2016-06-13 | 2016-12964Position Limits for Derivatives: Certain Exemptions and Guidance
The Commodity Futures Trading Commission proposes revisions to its 2013 position limits regulations to establish alternative processes for designated contract markets and swap execution facilities to recognize specific bona fide hedges and exempt certain spread positions. The Commission also amends definitions to clarify the general standard for bona fide hedging of physical commodities and delays the requirement for exchanges to establish swap position limits if they lack access to sufficient swap data. These changes respond to stakeholder comments and aim to address practical challenges in monitoring aggregate positions across multiple trading venues and clearinghouses.
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