CFTC Scraps Energy-Only Position Limit Draft

Law360, New York (August 18, 2010, 12:06 PM EDT) -- The U.S. Commodity Futures Trading Commission on Wednesday formally withdrew a proposed rule aimed at curbing speculation in energy commodity markets, with the intent of reintroducing it alongside comprehensive commodity position limit rulemaking mandated by the Dodd-Frank bill.

CFTC officials announced in a Federal Register notice that significant changes to the Commodity Exchange Act of 1936 made by the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection bill had forced the commission to withdraw the initial proposal in favor of a yet unwritten, more expansive...
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