Yearly Archives: 2018

Germany -BaFin Position Limits in MiFID

  ¬†BaFin issued final position limits, taking effect on 11 October 2018. Limits for Phelix power DE future/option contract, base, Phelix power DE future, peak. Phelix base: 40,416,961 MWh for spot month, 209,747,820 MWh for the other months. Phelix peak: 8,432,622 MWh for spot-month and 4,621,611 MWh for the other months.  
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E.U. – ESMA MiFID Implementation

On 8 October 2018 ESMA chair Maijoor issued statement¬†on priorities. Initial statement before EP committee on economic and monetary affairs (ECON). Annual hearing of chairs of three EU supervisory authorities (ESAs). Key Messages Focused on progress on implementing MiFID II, in 12 months, issued around 400 opinions to NCAs on pre-trade transparency waiver, position limit…
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Australia – ASIC Relief and Guidance on Short Selling

On 8 October 2018, ASIC issued legislation on relief, updated guidance on short selling. ASIC corporations (short selling) instrument 2018/745 provides legislative relief for ETF market makers to make naked short sales in ETFs and facilitate market making. To rely on the relief, ETF market makers are required to meet additional conditions. Also provides deferred…
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