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U.S. Commodity Futures Trading Commission issues final position limits rule

On October 15, 2020, the U.S. Commodity Futures Trading Commission (“CFTC” or “Commission”) voted to approve a final rule on position limits for commodity derivatives (“Final Rule”).

The Final Rule expands the set of physically settled futures contracts covered by federal position limits from nine to 25 (such contracts, “core referenced futures contracts”), and captures certain derivatives linked to such contracts. It also revises available exemptions, including by amending the bona fide hedging regime and broadening the spread exemption.

Download the full article, below, which provides a high-level overview of key aspects of the Final Rule.