But the trading commission argued that Congress gave it no choice but to impose position limits.
For its part, the agency argued that Congress gave it no choice but to impose position limits.
The agency had a different interpretation, saying lawmakers gave it no choice but to impose position limits.
Rouen's splendid architecture and imposing position on the banks of the Seine take centre stage, interpreted by the likes of Turner, Corot, Gauguin and Pissarro.
"Congress was clear that we were to impose position limits promptly," Bart Chilton, a Democratic commissioner who championed the rule, said in a statement on Wednesday.
For instance, the rules to impose position limits in some commodities derivatives, like oil contracts, may depend in part on how much money financial players hold in different investments.
The groups took aim at the C.F.T.C.'s attempt to impose "position limits," or caps, on the number of derivative contracts a trader can hold on commodities like oil, food and metals.
Position limits cap the number of contracts in a particular commodity that can be held by a trader or group of traders, preventing concentration by the individual or group concerned, but the text adopted imposes position limits only on net positions (the difference between contracts bought and sold) rather than on the amount of contracts, and will not apply to all contracts.
France also hopes to secure agreement on establishing a central clearinghouse to register global agricultural transactions, to standardize derivatives trading rules in over-the-counter markets and to adopt American rules, which can impose position limits on investors, in world markets.
Two commissioners, Scott O'Malia and Michael Dunn, have already advised that though they are "voting in favor of publishing the rule for public comment that they may not ultimately support imposing position limits".
