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Final US position limits rule will take ‘at least a year’

CFTC expected to draft a narrow list of contracts in scope

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CFTC: participants recently criticised ‘inaction’ on a final rule from an understaffed commission

Both newly confirmed commissioners at the US Commodity Futures Trading Commission (CFTC) have promised to finalise position limits for commodity exposures – but even with the agency almost at full strength for the first time since 2014, the rule will take at least a year to complete, say regulatory advisers.

The Senate confirmed commissioners Democrat Russ Behnam and Republican Brian Quintenz on

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