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CFTC RIN: 3038-AF00 Publication ID: Fall 2020 
Title: Position Limits for Commodity Derivatives Contracts 
Abstract:

The Commission proposed amendments to regulations concerning speculative position limits to conform to the Wall Street Transparency and Accountability Act of 2010 (‘‘Dodd-Frank Act’’) amendments to the Commodity Exchange Act.  Among other amendments, the Commission proposed new and amended Federal spot month limits for 25 physical commodity derivatives; amended single month and all-months-combined limits for most of the agricultural contracts currently subject to Federal limits; new and amended definitions for use throughout the position limits regulations, including a revised definition of ‘‘bona fide hedging transactions or positions’’ and a new definition of ‘‘economically equivalent swaps’’; amended rules governing exchange-set limit levels and grants of exemptions therefrom; a new streamlined process for bona fide hedging recognitions for purposes of Federal limits; new enumerated hedges; and amendments to certain regulatory provisions that would eliminate Form 204, enabling the Commission to leverage cash-market reporting submitted directly to the exchanges.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 150   
Legal Authority: CEA secs. 4(a), 4(c), and 8(a)(5)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Proposed Rule  02/27/2020  85 FR 11596   
Proposed Rule Comment Period End  04/29/2020 
NPRM Comment Period Extended  04/23/2020  85 FR 22690   
NPRM Comment Period Extended End  05/15/2020 
Final Rule  12/00/2020 
Final Rule Effective  01/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Aaron Brodsky
Senior Special Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5349
Email: abrodsky@cftc.gov