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CFTC May Impose User Fees To Fund OTC Enforcement

The U.S. Commodity Futures Trading Commission may impose user fees on traders to fund enforcement of new derivatives regulations if the agency doesn’t receive an adequate budget, according to Bart Chilton, a CFTC commissioner, reports Bloomberg.

The U.S. Commodity Futures Trading Commission may impose user fees on traders to fund enforcement of new derivatives regulations if the agency doesn’t receive an adequate budget, according to Bart Chilton, a CFTC commissioner. Chilton said in an interview that the fees would be a “last resort” to pay for the additional staff and technology needed, but it may still need congressional approval to impose it.

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