The Commodity Futures Trading Commission (CFTC) has voted to seek public comment on revisions to its proposed rules requiring the aggregation of certain accounts for purposes of the CFTC's speculative position limits. If included with the final rules package, the proposed revisions would significantly reduce the administrative burdens placed on certain entities that desire to take advantage of the so-called "owned entity" exemption from aggregation. Importantly, the previously proposed requirements for persons with a greater than 50 percent ownership interest in another entity, summarized below, would be removed.
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