On 10 December FIA provided members with a detailed overview of the CFTC’s final position limits rule. Panelists from FIA, the CFTC, CME, ICE and Willkie Farr & Gallagher LLP discussed the development, effective and compliance dates, and requirements of the final rule. Special emphasis was placed on implementation issues and the expanded role of the exchanges in administering federal position limits and hedge exemptions. The panelists also responded to questions from the attendees.