Alternative Investment Management Association
Section 737 of the Dodd-Frank Act mandates the Commodity Futures Trading Commission (CFTC) to establish position limits for futures and options contracts traded on a designated contract market and economically equivalent swaps. On 26 January 2011, the CFTC published proposed rulemaking for the establishment of position limits for 28 core physical commodity futures and options contracts and their economic equivalents. Final Rules were published in November 2011.
In September 2012, the US District Court for the District of Columbia struck down CFTC Final Rules on the basis that the CFTC misinterpreted its statutory authority to impose such limits. The Final Rules have now been remanded back to the CFTC for reformulation, subject its decision to appeal which it published on 15 November 2012.
CFTC Final Rule – Position Limits for Futures and Swaps (November 2011)
CFTC request for comments on Position Limits for Derivatives (January 2011)