This will be for v3.0.0 firmware.
Exact syntax to be worked out, but a good starting point (thanks @oskay) is
CM, dest_x, dest_y, center_x, center_y, rate, direction
Where all of dest_x, dest_y, center_x and center_y are relative to the initial position and direction is 0 for CW and 1 for CCW.
This is basically an arc version of the existing SM (constant velocity) command.