CFTC moving to amend position limits rule, sources say

Supplemental proposal aims to ease industry concerns over hedging exemptions

CFTC effort to implement position limits has had repeated delays

The US Commodity Futures Trading Commission (CFTC) is nearing completion of a new set of amendments to its controversial proposed rule on speculative position limits in commodity derivatives, sources say.

The amendments – which will come in the form of a 'supplemental proposed rule' rather than a complete overhaul of the rule – are said to focus on the bona fide hedging exemptions available to end-users that use futures and swaps to manage their commodity price risk. In particular, the amendment