Yearly Archives: 2017

Spain – CNMV Commodity Position Limit

On 26 December, CNMV issued position limit on commodity derivatives. Maximum positions a holder can take in the derivative contracts on raw materials. Using methodology in Chapter III of EU December 2016 position regulation. CNMV Limits Listed the maximum net position in warrants on commodities traded on exchange. Gold, silver and Brent oil, as traded…
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Germany – BaFin Post-Trade Transparency

On 22 December 2017, BaFin updated three general rulings to approve late publication. The general injunctions will be supplemented with a deadline of 1 January 2019. Affects the decrees allowing subsequent publication of transactions in non-equity/ equity instruments in trading venues operated by investment services enterprise. Authorized late publication of OTC non-equity instrument by investment.…
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E.U. – ESMA Transparency For MiFID

On 22 December, ESMA issued MiFID transparency¬†for equity, bonds. Updated MiFID transitional transparency calculations (TTC), for equity and bonds. December 2017 Revisions For change in classification of instruments, resubmission of data, by some venues. New version should be used by participants, infrastructures from 3 January 2018. MiFID require NCAs compute and publish transparency calculations of…
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Norway – NORFSA Mutual Funds, UCITS

On 20 December, NORFSA issued amended rules on UCITS mutual funds. Ministry of Finance made changes to Securities Funds Act under UCITS V directive. Amendments Changes concerned the remuneration scheme for senior executives in mutual fund management companies, depository receivers, calculation of penalties, for breach. Rules currently do not contain provisions implementing Reg (EU) 2016/438…
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