As reported in last week’s NGFA Newsletter, the association on May 15 submitted a formal statement to the Commodity Futures Trading Commission (CFTC) on the agency’s proposed rule implementing speculative position limits. The NGFA statement was filed too late that day to include a link in the newsletter; it can be accessed here. See the May 15 article for a more detailed description of the contents of the NGFA statement.
The CFTC now will analyze numerous comments submitted by the public and incorporate changes before proceeding to a vote on a final rule. It is anticipated that vote will occur sometime early this fall.