• Position Limits and Exemptions

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • CME Group RA1211-5
      • Notice Date
      • 03 October 2012
      • Effective Date
      • 03 October 2012
    • On September 28, 2012, the U.S. District Court for the District of Columbia vacated the Commodity Futures Trading Commission's ("CFTC") Position Limits Rule. In light of the action by the District Court, the Exchanges have withdrawn Submission No. 12-299 which was submitted to the CFTC on September 27, 2012, and indicated that the Exchanges were adopting revisions to Rule 559 ("Position Limits and Exemptions") in connection with the Commission’s Position Limits Rule. 
      The Exchanges will not be adopting any revisions to Rule 559 at this time, and will continue to consider all requests for exemptions subject to the existing provisions of Rule 559.
      Questions regarding this Advisory Notice may be directed to the following individuals in Market Regulation:
      Chris Reinhardt, Director, Market Surveillance, at 212.299.2882
      Erin Peddicord, Supervisor, Market Surveillance, at 312.435.3628
      For media inquiries concerning this Advisory Notice, please contact CME Group Corporate Communications at 312.930.3434 or news@cmegroup.com.