United States: Journal Of Investment Compliance Publishes Akin Gump Article On CFTC Limit Aggregation Rules
Last Updated: July 26 2017

Journal of Investment Compliance has published the article "CFTC adopts amendments to position limit aggregation rules," written by Akin Gump investment management partner JP Bruynes, senior counsel Jason Daniel and associate Libbie Walker. The article discusses the final position limit aggregation rules and exemptions pertaining to derivative positions in nine agricultural commodities adopted by the Commodity Futures Trading Commission (CFTC) in December 2016.

The authors explain that the rule provides that, "unless an exemption from aggregation is available, all positions in accounts for which any person, directly or indirectly, controls the trading or holds a 10 percent or greater ownership or equity interest must be aggregated with other positions held, and trading done, by such person."

Bruynes, Daniel and Walker proceed to discuss the aggregation exemptions and notice filing requirements, and conclude that market participants should begin to make "necessary preparations if affected, particularly those currently relying on the relevant pool participant, IAC (independent account controller) or FCM (futures commission merchants) aggregation exemptions who are now required to make a notice filing."

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Michelle Reed, Matthew Lloyd
By Kevin Wolf, Andrew R. Schlossberg
By Susan Lent, Ian A. Shavitz, Ryan Thompson
By Elizabeth E. Harris
By Jennifer Richter, Mark A Aitken
By Lawrence D. Levien, Smith Davis, Ed Pagano, Eric D. Field, Samuel J. Olswanger
By Christian Davis, Dallas Woodrum, Chris Chamberlain
By Robert S. Salcido
By Rachel J. Elsby, Charles Everingham IV
By Brock Wilson, Matthew Hartman, Rubén Muñoz
Tools
Print
Font Size:
Translation
Channels