CFTC Reauthorization

MFA supports efforts in the U.S. Senate Committee on Agriculture and the U.S. House of Representative Committees on Agriculture to address reauthorization of the CFTC.  MFA supports the mandatory clearing and segregation of capital requirements of the Dodd-Frank Act and would not support any efforts to roll them back included as part of a CFTC Reauthorization measure.

MFA also encourages Congress to amend the Commodity Exchange Act to adopt “Dodd-Frank-like” protections for confidential, sensitive, and intellectual property of asset managers; harmonize CFTC rules for general solicitation with those of the SEC; encourage a thoughtful approach, including the use of data-driven determinations, regarding the imposition of position limits; and, promote harmonized, global regulations.

MFA welcomed language included in CFTC Reauthorization legislation approved by the U.S. House of Representatives in the 115th Congress that would require the CFTC to issue a subpoena before obtaining a firm’s proprietary source code and has encouraged similar language in Senate legislation.