We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
22 April 2015
On February 24 2015 the US Commodity Futures Trading Commission (CFTC) reopened the comment periods for two position limit draft rulemakings for an additional 30 days, in order to accommodate questions and comments that may have arisen from the Energy and Environmental Markets Advisory Committee meeting on February 26 2015.
The original positional limits proposed rule was overturned in September 2012 based on a Washington district court judge's determination that the CFTC was unable to prove the rule was "necessary to diminish, eliminate, or prevent" excessive speculation. The comment period for the two rulemakings closed on March 28 2015.
The notice in the Federal Register is available at www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2015-03834a.pdf.
For further information on this topic please contact Donna M Parisi, Geoffrey B Goldman or Azam H Aziz at Shearman & Sterling LLP by telephone (+1 212 848 4000) or email (firstname.lastname@example.org, email@example.com or firstname.lastname@example.org). The Shearman & Sterling website can be accessed at www.shearman.com.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.