CFTC to finish position limits rule in 2016, Massad says
Controversial rule on commodity derivatives set to miss year-end target
A long-awaited rule from the US Commodity Futures Trading Commission (CFTC) that would impose speculative position limits on commodity derivatives will not be ready this year.
"I wouldn't expect it to get done this year," said CFTC chairman Timothy Massad in response to questions at the Risk USA conference in New York today (October 22). Citing the complexity of the rule, he said it would be ready "hopefully early next year".
The CFTC had been aiming to complete its position limits rule by the
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