CFTC's Division of Market Oversight Issues Temporary No-Action Relief from the Aggregation Requirements of the Rule Regarding Position Limits for Futures and Swaps

The CFTC Division of Market Oversight announced the issuance of temporary no-action relief from CFTC Part 151. This temporary relief is intended to provide sufficient time to transition to fully compliant aggregation for which the relief is time-limited to no later than December 31, 2012. Note that the exemption is NOT self-executing. Firms must notify the CFTC of their intent to utilize the exemption.

For a discussion of position limits generally, see the CPO/CTA Guide, Trading Chapter.

View press release in full here(links externally to CFTC website). From that page, on the left hand top side, you will see the actual release and the rule as to which the time delay is provided.