Washington, DC – The Division of Market Oversight (the Division) of the U.S. Commodity Futures Trading Commission (CFTC) today issued an Advisory highlighting the Commission’s special call authorities relating to claimed exemptions from speculative position limits under 17 CFR parts 150 and 151. The Division issued the Advisory at this time because: (1) there will be new traders and new commodities subject to position limits (and the related exemption reporting requirements) under the Commission’s new speculative position limit rules in Part 151; and (2) the Division believes that it is important to highlight and clarify, as a general matter, the process and recordkeeping requirements associated with claiming a hedge exemption from the Commission’s position limit rules.
CFTC advises on speculative limits, hedging exemptions
Washington, DC – The Division of Market Oversight (the Division) of the U.S. Commodity Futures Trading Commission (CFTC) today issued an Advisory highlighting the Commission’s special call authorities relating to claimed exemptions from speculative position limits under 17 CFR parts 150 and 151. The Division issued the Advisory at this time because: (1) there will be new traders and new commodities subject to position limits (and the related exemption reporting requirements) under the Commission’s new speculative position limit rules in Part 151; and (2) the Division believes that it is important to highlight and clarify, as a general matter, the process and recordkeeping requirements associated with claiming a hedge exemption from the Commission’s position limit rules.