Position Limits for Futures and Swaps

The Commodity Futures Trading Commission (Commission) adopted regulations establishing position limits for 28 exempt and agricultural commodity futures and options contracts and the physical commodity swaps that are economically equivalent to such contracts. The final rule was vacated by the United States District Court for the District of Columbia in International Swaps and Derivatives Ass’n v. CFTC, Civil Action No. 11-cr-2146 (RLW) (D.D.C. September 28, 2012). The Commission is appealing the District Court’s decision.