17 CFR 38.300
§ 38.300 Core Principle 5.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 38.300, § 38.300 Core Principle 5, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67143
- Permanent ID
ys:prov:67143@1- SHA-256
48cb9f35647410b9f31f2504d21a98f6febd5c0676c2246b38c446ce72130c37
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
To reduce the potential threat of market manipulation or congestion (especially during trading in the delivery month), the board of trade shall adopt for each contract of the board of trade, as is necessary and appropriate, position limitations or position accountability for speculators. For any contract that is subject to a position limitation established by the Commission, pursuant to section 4a(a), the board of trade shall set the position limitation of the board of trade at a level not higher than the position limitation established by the Commission.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.