Position Limits for Futures and Swaps (Final Rule)

The CFTC adopted a final rule that establishes limits on speculative positions in 28 physical commodity futures and "economically equivalent" swap contracts, requires "visibility reports" to be filed quarterly for traders exceeding a non-spot month position visibility level, revises the bona fide hedging and aggregation standards, and replaces existing CFTC part 150 position limit regulations.

• Analysis by Cadwalder: Position Limits Rumors Become Reality: CFTC Adopts Final Position Limits Rule Under Dodd-Frank.

For more information about this document, you may contact one of the following Cadwalader attorneys: Paul J. Pantano, Jr.; Athena Eastwood; Jonathan Flynn

Cross References: Dodd-Frank Act Section 737; 17 CFR Parts 1, 150 and 151