Several industry associations provided commentary on a CFTC proposal to apply federal speculative position limits to 25 "core referenced futures contracts," including futures and options linked to those contracts and economically equivalent swaps.
A CFTC proposal to apply federal speculative position limits to 25 "core referenced futures contracts" - including futures and options linked to those contracts and economically equivalent swaps - was published in the Federal Register.
In a 3-2 vote, the CFTC proposed applying federal speculative position limits to 25 "core referenced futures contracts," including futures and options linked to those contracts and economically equivalent swaps.
On November 18, 2016, the CFTC will cease issuing Special Calls via the legacy Form 40/40S and begin issuing Special Calls using a new, electronic filing, submitted directly to a CFTC database (the "New Form 40/40S").
The CFTC simultaneously filed and settled charges against a processor and trader of crude palm oil. The entity held or controlled soybean oil futures positions but failed to comply with CFTC reporting requirements.
The CFTC voted to supplement its 2013 position limits proposal. The revised proposal (i) modifies the procedures for seeking exemptions from speculative position limits for non-enumerated bona fide hedging, and (ii) defines procedures for recognizing certain anticipatory bona fide hedge positions.
The CFTC Division of Market Oversight granted the Futures Industry Association conditional time-limited no-action relief from data reporting and data masking obligations implemented by the Ownership and Control final rule.
The CFTC unanimously approved amended trade options rules that apply to certain physically settled options. The final rules will reduce the regulatory burden on end users entering into the transactions.
The CFTC Division of Market Oversight issued a conditional, time-limited extension of relief provided previously to members of ISDA concerning the masking of certain identifying information that must be reported by swap reporting parties under CFTC regulations. This extension is intended to address circumstances in which statutory or regulatory prohibitions, including the privacy laws of non-U.S. jurisdictions, may prevent reporting to trade repositories.
The CFTC entered an order and simultaneously settled charges against an Australia-based financial services company for failing to comply with the obligation to submit accurate large trader reports ("LTRs") for physical commodity swap positions. This failure violated Section 4s(f) of the CEA and...