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ESMA Agrees Position Limits Under MiFID II

Date 23/01/2019

The European Securities and Markets Authority (ESMA) has today 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.