Position Limits

The information received under OMB control no. 3038-0013 is currently submitted by exchanges (defined under the regulations as Designated Contract Markets) or by market participants. The CFTC currently uses this information to administer its speculative position limit regime -- as mandated by Congress in Section 4a of the Commodity Exchange Act (Act) which allows the Commission to set speculative limits in any commodity for future delivery in order to prevent excessive speculation and to ensure the validity of exemptions granted from that regime. The reporting and recordkeeping requirements are used to verify exemptions from position limit requirements on a universe of 25 physically-settled futures contracts and their linked cash-settled futures, options on futures, and “economically equivalent” swaps. Further, the collections are necessary to determine whether exemptions from position aggregation requirements have been properly applied. The information is also critical in the operation of the Commission’s activities to monitor and surveil its markets, including to protect against excessive speculation and market manipulation.

The latest form for Position Limits expires 2026-06-30 and can be found here.