CFTC should extend US persons fix, says O'Malia

The Commodity Futures Trading Commission (CFTC) has not started work on a final definition of the term "US person" according to Scott O'Malia, one of its five commissioners, and a temporary exemptive order that expires on July 12 should be extended as a result, he says.

"We have not begun to address that yet. I have no idea how that's going to be worked out at this point. I believe we will need to provide relief and the debate will be about whether to continue to extend the relief as is – with