‘Reauthorising’ CFTC could alter firms’ attitude to EU position limits

If Commodity End-User Relief Act is passed, it could mean substantial industrial change in US – and Europe

Brussels’ gaze is locked firmly on Congress

Should a bill that completely recalibrates the US Commodity Futures Trading Commission (CFTC) work its way through Congress, it could have huge ramifications for European energy firms currently trying to get a grasp on the position limits regime of the European Union's second Markets in Financial Instruments Directive (Mifid II).

On January 12, 2017, the Republican-led US House of Representatives approved the Commodity End-User Relief Act, which, among other provisions, changes the governing la

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