On May 26, 2016, the US Commodity Futures Trading Commission (CFTC) issued for public comment a supplement to its position limits proposal of December 2013. The supplement would permit exchanges to recognise, subject to CFTC review, certain positions in commodity derivative contracts as non-enumerated bona fide hedges or enumerated anticipatory bona fide hedges, as well as to exempt certain spread positions from federal position limits.

View full memo, CFTC Issues Supplement Modifying Position Limits Proposal