CFTC Reopens Comment Periods for Position Limits for Derivatives and for Aggregation of Positions (Fed. Reg.)

The CFTC’s proposal to reopen the comment periods for the Position Limits for Derivatives Proposal and for the Aggregation Proposal was published in the Federal Register.

The CFTC reopened the comment periods for an additional three weeks to request that market participants comment on: 

  • hedges of a physical commodity by a commercial enterprise, including gross hedging, cross-commodity hedging, anticipatory hedging and the process for obtaining a non-enumerated exemption;
  • the setting of spot-month limits in physical-delivery and cash-settled contracts and a conditional spot-month limit exemption;
  • the setting of non-spot limits for wheat contracts;
  • the aggregation exemption for certain ownership interests of greater than 50 percent in an owned entity; and
  • aggregation based on substantially identical trading strategies.

Comments are due by July 3, 2014.

See: 79 FR 30762.