Position Limits for derivatives and aggregation of positions
The Commission has issued proposed rules to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Additional information regarding Position Limits, including Bona Fide Hedging Definition & Aggregate Limits is provided below, including a factsheet for the proposed rules.
Related Federal Register Releases
Final Rule: 86 FR 3236 // PDF Version
17 CFR Parts 1, 15, 17, 19, 40, 140, 150 and 151
Position Limits for Derivatives
Effective Date: Monday, March 15, 2021
See also:
85 FR 11596, 2/27/2020 // PDF Version
17 CFR Parts 1, 15, 17, 19, 40, 140, 150 and 151
Position Limits for Derivatives
85 FR 22690, 4/23/2020 // PDF Version
17 CFR Chapter I
Extension of Currently Open Comment Periods for Rulemakings in Response to the COVID-19 Pandemic
Proposed Rule: 85 FR 11596 // PDF Version
2/27/2020
17 CFR Parts 1, 15, 17, 19, 40, 140, 150 and 151
Position Limits for Derivatives
Comment File – Closing Date: 4/29/2020
Proposed Rule: 81 FR 96704 // PDF Version
12/30/2016
17 CFR Parts 1, 15, 17, 19, 37, 38, 140, 150 and 151
Position Limits for Derivatives
Comment File - Closing Date: 2/28/2017
Final Rule: 81 FR 91454 // PDF Version
12/16/2016
17 CFR Part 150
Aggregation of Positions
Effective Date: Tuesday, February 14, 2017
Proposed Rule: 81 FR 38458 // PDF Version
6/13/2016
17 CFR Parts 37, 38, 150
Position Limits for Derivatives: Certain Exemptions and Guidance
Comment File - Closing Date: 7/13/2016
Proposed Rule: 80 FR 58365 // PDF Version
9/29/2015
17 CFR Part 150
Aggregation of Positions
Comment File - Closing Date: 11/13/2015
Proposed Rule: 80 FR 15699 // PDF Version
3/25/2015
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives and Aggregation of Positions; Correction
Comment File - Closing Date: 3/30/2015
Proposed Rule: 80 FR 10022 // PDF Version
2/25/2015
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives and Aggregation of Positions
Comment File - Closing Date: 3/28/2015
Proposed Rule: 80 FR 200 // PDF Version
1/5/2015
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives and Aggregation of Positions
Comment File - Closing Date: January 22, 2015
Proposed Rule: 79 FR 71973 // PDF Version
12/4/2014
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives and Aggregation of Positions
Comment File – Closing Date: January 22, 2015
Proposed Rule: 79 FR 37973 // PDF Version
7/3/2014
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives and Aggregation of Positions
Comment File - Closing Date: August 4, 2014
Proposed Rule: 79 FR 30762 // PDF Version
5/29/2014
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives and Aggregation of Positions
Comment File - Closing Date: July 3, 2014
Orders and Other Announcements: 78 FR 76787 // PDF Version
12/19/2013
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140 and 150
Position Limits for Derivatives
Effective Date: Thursday, December 19, 2013
Proposed Rule: 78 FR 75680 // PDF Version
12/12/2013
17 CFR Parts 1, 15, 17, 19, 32, 37, 38, 140, and 150
Position Limits for Derivatives
Comment File - Closing Date: 2/10/2014
Proposed Rule: 778 FR 68946 // PDF Version
11/15/2013
17 CFR Part 150
Aggregation of Positions
Comment File - Closing Date: January 14, 2014
Additional Information
CFTC Staff Workbook of Exchange-Traded Referenced Contracts under the Regulations Regarding Position Limits for Derivatives, Workbook Version 1.12 PDF // Excel
No-Action Letter 17-06
February 06, 2017
§ 150.4(c) Aggregation Exemption Notice Filing Requirement
Agricultural Advisory Committee Meeting: Discussion Questions
Position Limits Roundtable: Staff Questions
View Vacated Part 151 Position Limits, including Bona Fide Hedging Definition & Aggregate Limits
Fact Sheet: Proposed Regulations on Position Limits for Derivatives
Questions and Answers: Position Limits for Derivatives
Event: Open Meeting on Two Final Rules and One Proposed Amendment
CME Group Deliverable Supply Estimates (July 1, 2013)
CFTC Staff Workbook of Commodity Derivative Contracts Under the Reproposal Regarding Position Limits for Derivatives --(12/05/2016) Excel // PDF Version
CFTC Staff Workbook of Commodity Derivative Contracts Under the Proposed Regulations Regarding Positions Limits for Derivatives--(12/12/2013) Excel // PDF Version
Testimony, “Position Limits and the Hedge Exemption, Brief Legislative History”
