AGA recommended that the CFTC provide for separate exemptions for affiliates or divisions that trade separately and are sufficiently independent of one another 
Washington, DC – The American Gas Association (AGA) today filed comments with the Commodity Futures Trading Commission (CFTC) supporting the CFTC’s proposal to establish speculative position limits for certain energy commodity futures contracts. AGA urged the CFTC to ensure that the financial markets related to energy commodities function efficiently for the benefit of the American energy consumer. AGA also urged the CFTC to protect the ability of commercial hedgers to engage in risk management transactions.
In particular, AGA recommended that the CFTC provide for separate exemptions for affiliates or divisions that trade separately and are sufficiently independent of one another. AGA also recommended that the CFTC conduct a study after the rules have been in place for one year to determine whether the financial markets continue to function efficiently and whether there are adverse unintended consequences associated with the rules.
Click here to read AGA’s full comments.