Regulatory Alerts2020-02-27 | 2020-02320Position Limits for Derivatives
The Commodity Futures Trading Commission proposes amendments to speculative position limits regulations to implement Dodd-Frank Act requirements and conform to the Commodity Exchange Act. The proposal establishes federal spot month limits for 25 physical commodity derivatives, revises limits for legacy agricultural contracts, and introduces new definitions for economically equivalent swaps and bona fide hedging transactions. Additionally, the Commission proposes a streamlined process for hedging recognitions and eliminates Form 204 to leverage cash-market reporting submitted directly to exchanges.
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