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News Article Budget constraints could force the U.S. futures regulator to outsource enforcement of planned new trading rules to an industry- funded body, a senior official said Thursday. The CFTC has alerted the industry-backed National Futures Association that it may be asked to shoulder some oversight of the over-the-counter derivatives market handed to the government agency by the Dodd-Frank financial reform law. The CFTC has estimated that 300 to 400 new firms will register with the agency when it assumes oversight of the OTC market. Publication DowJones Date January 13, 2011 Cross

CFTC Dodd-Frank Rulemaking The CFTC will hold a public meeting on Thursday, January 20, 2011, at 9:30 a.m. to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics: Commodity Options and Agricultural Swaps; Commodity Pool Operators and Commodity Trading Advisors; Amendments to Compliance Obligations; Reporting by Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF (joint with the Securities and Exchange Commission); and Swap Trading Relationship

News Article Big speculators could face curbs on wheeling and dealing in commodity markets after the CFTC on Thursday advanced a plan to cap large positions, but internal dissent could delay final adoption of the plan for months or longer. The plan, adopted in a 4-1 vote to allow it to move to the public comment stage, would attempt to curb positions investors can hold in commodity markets, with the aim of preventing large players from controlling the market. An important swing vote on the five-member commission, Michael Dunn, however, expressed skepticism about whether curbs on their trades

News Article Regulators on Thursday proposed new curbs on speculative trading in 28 commodities, seeking to prevent distorted prices at the gas pump and in the supermarket. The commission advanced its plan in a 4-to-1 vote. One of the two Republican commissioners opposed the proposal because she said that the commission first needed to understand how widespread speculative trading had become. The Republican commissioner who voted for the plan, Scott D. O'Malia, said he was "very skeptical" of it. The commission's proposal for spot-month position limits, or limits on a contract closest to

News Article CFTC Democratic Commissioner Michael Dunn said that the CFTC needs to find hard data to justify speculative position limits for commodities markets before a final decision can be made on a proposal for the curbs. "I think Congress gave us a very difficult job, and it's incumbent upon our staff to take a look at the information they have, to look at the empirical data that is out there, and then come back and make recommendations to us." Publication Reuters Date January 13, 2011 Cross References (links may require a Cabinet subscription) Dodd-Frank Act, Title VII, Sec. 737