ESMA agrees position limits under MIFID II

24 Jan 2019 01:44 PM

The European Securities and Markets Authority (ESMA) yesterday published six opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR). 

ESMA’s opinions agree proposed position limits regarding:

• Low Sulphur gasoil;
• Panamax Freight;
• Dutch TTF ICE Endex;
• Dutch TTF Powernext;
• Dutch Power Base; and,
• Dutch Power Peak.

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 in order to ensure that the position limits are set in accordance with the MiFID II framework.

Related Documents

Opinion on Position Limits on Ice Low Sulphur Gasoil Contracts

23 January 2019

ESMA70-155-5088_OPINION_ON_POSITION_LIMITS_ON_ICE_LOW_SULPHUR_GASOIL_CONTRACTS.PDF (555.88 KB)

Opinion on Position Limits on Panamax Freight Contracts

23 January 2019

ESMA70-155-5284_OPINION_ON_POSITION_LIMITS_ON_PANAMAX_FREIGHT_CONTRACTS.PDF (520.31 KB)