Pending all relevant regulatory review periods, effective Friday, February 6, 2015, CME, CBOT, NYMEX and COMEX (collectively, the “Exchanges”) will adopt revisions to Rule 562 (“Position Limit Violations”). The revisions clarify that positions established intraday which exceed a position limit constitute a violation of Rule 562 and codify the longstanding manner in which the Rule has been applied.
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