Position Limits and Accountability Levels

Effective on trade date Monday, May 3, 2021, and pending all relevant CFTC regulatory review periods, this Market Regulation Advisory supersedes CME Group Market Regulation Advisory Notice RA2101-5RR from March 15, 2021.  It is being issued based on amendments to CME, CBOT, and NYMEX/COMEX Rule 559 (“Position Limits and Exemptions”) that harmonize the rule text with language already contained in RA2101-5RR and the CFTC’s final rules concerning position limits.  Specifically, the amendments codify the requirements attendant to market participants who submit a position limit exemption application after exceeding a position limit.

Click HERE to view the full advisory.