CFTC Publishes Proposed Rules for Aggregation of Positions (Fed. Reg. Version)

The CFTC's proposed rules for aggregating accounts, for the purposes of calculating compliance with the position limits, appeared in the Federal Register. The proposed rules modify CFTC Rule 150.4 ("Aggregation of Positions") and certain related regulations to specify which accounts and positions a person must aggregate for purposes of position limit compliance. The proposals, and our comments on them, are set out in the earlier news items linked below.

Comments must be received by the CFTC on or before January 14, 2014.

See: 78 FR 68946.Related News: Streetwise Professor Craig Pirrong on Position Limits (with Lofchie Comment) (November 11, 2013); Cadwalader Memo on Proposed Position Limits and Aggregation Rules (with Lofchie Comment) (November 6, 2013) CFTC Approves Position Limits Proposal (with Lofchie and Zwirb Comments and Delta Strategy Group Summary) (November 5, 2013) CFTC Votes to Dismiss Appeal of 2011 Position Limits Rule (October 29, 2013) CFTC to Court: Position Limits Appeal Will Be Dropped if New Rule Reached on Nov. 5 (with Lofchie Comment) (October 28, 2013) Blog Post Quotes Commissioner Wetjen on Position Limits (October 23, 2013) CFTC Commissioner O'Malia Blasts Cross-Border Guidance and Potential Position Limits Rule (with Lofchie Comment) (September 26, 2013).