On July 24th, the CFTC's Division of Market Oversight announced the issuance of temporary no-action relief in order to provide an orderly transition to the compliance dates for the Position Limits Rule. The no-action relief provides two alternative methods for compliance with the CFTC's position limit rules: (1) as if the Position Limits Rule were amended to include the provisions proposed in the Aggregation Notice; and (2) in conformity with the disaggregation criteria specified in the no-action relief. This temporary relief is intended to provide sufficient time to transition to fully compliant aggregation no later than 60 days after the CFTC publishes a rule finalizing changes to its aggregation policy, or the date the Commission issues an order declining to take further action on the Aggregation Notice, whichever occurs first. CFTC Press Release.