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This is important despite the fact that few care.

Just in the nic of time.
If you are in a gold or silver EFT for your sake read the prospectus so you are truly informed what you own.

Source: lexology.com

CFTC proposes to exempt certain physical gold and silver options and futures contracts and to impose large trader reporting requirements

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USA
April 19 2010
On April 15th, the CFTC published for public comment a proposal to exempt from the Commodity Exchange Act the trading and clearing of certain options and security futures contracts on each of ETFS Physical Swiss Gold Shares and ETFS Physical Silver Shares, which would be traded on national securities exchanges and designated contract markets registered with the SEC as limited purpose national securities exchanges and cleared through the Options Clearing Corporation. The CFTC also is requesting comment on whether it should amend all orders issuedexempting the trading and clearing of options and futures on gold and silver products from CEA provisions and CFTC regulations, to impose market and large trader reporting requirements. Comments should be submitted on or before May 17, 2010. 75 FR 19619.