CFTC Extends the Comment Period for Certain Aspects of Proposed Rules on Position Limits and Aggregation (Fed. Reg.)

The extension of the comment period for the CFTC's proposed rules on Position Limits for Derivatives and Aggregation of Positions was published in the Federal Register. Comments on the proposals must be submitted by August 4, 2014.

The CFTC had previously extended the comment period deadlines for the proposals until July 3, 2014. To provide commenters with sufficient time to respond to questions raised and points made at the June 19, 2014 roundtable on the two rulemakings, the CFTC further extended the comment period.Rather than taking comments on the entire rule making, the CFTC has stated that comments are required to be limited to the following topics: (i) the issues of hedges of a physicalcommodity by a commercial enterprise; (ii) the setting of spot month limits in physical-delivery and cash-settled contracts and a conditional spot-month limit exemption; (iii) the setting of non-spot limits for wheat contracts; and (iv) limited issues relating to aggregation exemptions.

See: 79 FR 37973. Related news: CFTC Further Extends the Comment Period for Proposed Rules on Position Limits and Aggregation (June 27, 2014); Drums along the Potomac on Position Limits Roundtable (Article in Energy Metro Desk) (July 2, 2014); CFTC Public Roundtable on Position Limits for Physical Commodity Derivatives (Cadwalader Summary) (June 23, 2014); CFTC Holds Public Roundtable on Position Limits for Physical Commodity Derivatives (with Delta Strategy Group Summary) (June 20, 2014); CFTC Reopens Comment Periods for Position Limits for Derivatives and for Aggregation of Positions (Fed. Reg.) (May 29, 2014).To stay up to date with the CFTC and other SRO rulemaking dates, please see the Cabinet's Rule Calendars (available to Cabinet subscribers only).