ESMA Agrees on Position Limits Under MiFID II
ESMA published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II and MIFIR). In its opinions, ESMA agreed with the proposed position limits regarding feed wheat, jet kerosene, and gasoline.
ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and with the methodology developed for setting those limits. ESMA will continue to assess the notifications received and issue opinions to ensure that the position limits are set in accordance with the MiFID II framework.
MiFID II provides for all commodity derivatives traded on trading venues and economically equivalent OTC contracts to be subject to position limits. Relevant national competent authorities have to establish position limits on the basis of the methodology for calculation determined by ESMA in regulatory technical standards, RTS 21. To further assist market participants with the implementation of the MiFID II position limit framework, ESMA publishes a list of liquid commodity derivatives currently identified by the relevant national competent authorities. The list is exclusively based on submissions by the relevant national competent authorities and will be subject to change. It is therefore advisable to check the list regularly.
Related Links
Keywords: Europe, EU, Securities, MiFID II, MiFIR, Position Limits, Commodity Derivatives, Opinion, ESMA
Previous Article
ESMA Publishes Calculations for the March Double Volume CapRelated Articles
|
News
BIS Report Discusses Regulatory Issues Related to Big Techs in FinanceBIS has pre-released a chapter of the BIS Annual Economic Report; this chapter focuses on the risks and opportunities presented by large technology firms (big techs) in the financial services sector.
June 23, 2019
WebPage
Regulatory News
|
|
News
IOSCO Report Examines Liquidity in Corporate Bond MarketsIOSCO published a report that examines the factors affecting liquidity, under stressed conditions, in the secondary corporate bond markets.
June 21, 2019
WebPage
Regulatory News
|
|
News
FED Publishes Results of the 2019 Stress Tests for BanksFED published a report presenting results of the Dodd-Frank Act Stress Test (DFAST) exercise for 2019.
June 21, 2019
WebPage
Regulatory News
|
|
News
BCBS Report Examines Global Pillar 2 Supervisory Review PracticesBCBS published a report that examines the Pillar 2 supervisory review practices and approaches in Basel member jurisdictions.
June 21, 2019
WebPage
Regulatory News
|
|
News
IASB Publishes Work Plan and Meeting Updates for June 2019IASB published an updated work plan and a summary of its June meeting, which presents preliminary decisions of the Board.
June 21, 2019
WebPage
Regulatory News
|
|
News
HKMA Publishes Banking Exposure Limits Code Under Banking OrdinanceHKMA issued a circular to all authorized institutions informing that the Banking (Exposure Limits) Code has been published in the Gazette on June 21, 2019.
June 21, 2019
WebPage
Regulatory News
|
|
News
OSFI Proposes Guideline on Internal Model Oversight for InsurersOSFI proposed the draft guideline E-25 on the internal model oversight framework for federally regulated property and casualty (P&C) insurance companies.
June 21, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Third Update for June 2019Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published one answer regarding the calculation of institution-specific countercyclical capital buffer rates.
June 21, 2019
WebPage
Regulatory News
|
|
News
BCBS Publishes Summary of the Meeting in June 2019BCBS published a summary of its June meeting in Basel.
June 20, 2019
WebPage
Regulatory News
|
|
News
OCC Bulletin on Risk Management Guidance for Home Mortgage LendingOCC published Bulletin 2019-28 on risk management guidance for higher-loan-to-value (LTV) lending activities in communities targeted for revitalization.
June 19, 2019
WebPage
Regulatory News
|
