Tag Archives: position limits

U.S. – CFTC Position Aggregation Relief

On 15 November 2018, CFTC issued relief from aggregation of positions. Master fund, holding company, and the only four persons with greater than 10% interest request relief from position aggregation requirement in CFTC Reg 150.4. Relief Provided Time limited relief for aggregation exemptions even if firewalls are not in place. Information only for currency hedging,…
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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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Norway – NORFSA German Power Position Limits

On Oct. 1, NORFSA adjusted position limits¬†on German Power. New position limits for electricity commodity derivative due to bidding zone split. German Power German, Austrian energy regulators decided to split the single German-Austrian bidding zone for electricity into two national bidding zones as from Oct. 1, 2018. Reference price for German Power Base Load and…
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E.U. – ESMA Commodity Limits FAQ

On 2 October 2018, EU ESMA updated its FAQ on commodity derivatives under MiFID II. On the ancillary activity test, updated question 3 on whether the parent undertaking can notify NCA for whole group or whether subsidiaries also have to notify local NCA. And question 10 on whether denominator in capital test calculated using consolidated…
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