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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/department/COMMODITY_FUTURES_TRADING_COMMISSION/2007-11-27/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Fri, Dec 5 2008 11:00:00 GMT</pubDate>
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  <title><![CDATA[
Risk Management Exemption From Federal Speculative Position  Limits]]></title>
  <link>http://thefederalregister.com/d.p/2007-11-27-E7-22992</link>
  <description><![CDATA[ Section 150.2 of the Commodity Futures Trading Commission's 
(``Commission'') regulations imposes limits on the size of speculative 
positions that traders may hold or control in futures and futures 
equivalent option contracts on certain designated agricultural 
commodities named therein. Section 150.3 lists certain types of 
positions that may be exempted from these Federal speculative position 
limits. The Commission is proposing to provide an additional exemption 
for ``risk management positions.'' A risk management position would be 
defined as a futures or futures equivalent position, held as part of a 
broadly diversified portfolio of longonly or shortonly futures or 
futures equivalent positions, that is based upon either: A fiduciary 
obligation to match or track the results of a broadly diversified index 
that includes the same commodity markets in fundamentally the same 
proportions as the futures or futures equivalent position; or a 
portfolio diversification plan that has, among other substantia<script type="text/javascript">
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  <guid>http://thefederalregister.com/d.p/2007-11-27-E7-22992</guid>
  <pubDate>Tue, Nov 27 2007 11:00:00 GMT</pubDate>
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