Monthly Archives: November 2017

U.S. – CBOE Position Limits on ETFs

On 29 November, CBOE proposed position limits on exchange products. Amended interpretation and policy .07 of exchange rule 4.11, on position limits. To increase position limits for options on certain exchange traded products ETP. Effectiveness SEC proceedings to determine whether to approve or disapprove proposed rule. Comments in 21 days after publication, rebuttal comments are…
Read more

U.K. – FCA MiFID Position Limit

On 28 November 2017, FCA issued list of position limits on commodity derivatives contracts. FCA opened gateway for firms to submit applications for exemption from position limit. Already informed several participants who applied, that they have exemption approval. Encouraged application as soon as possible so timely confirmation before 3 January 2018. Limits apply on January…
Read more

Saudi Arabia – CMA Qualified Foreign Firm

On 23 November, SA CMA expanded foreign investment in listed security. Meets CMA objectives to develop market and expand institutional investment base. In line with the national transformation program and vision of Saudi Arabia in 2030. Based on Financial Market System Regulations, Royal Decree (M / 30) 2/6 / 1424H,. In accordance with the rules…
Read more

Germany – BaFin MiFID II Trade Reporting

On 20 November, BaFin issued notice on transaction reporting under MiFID. Confirms compliance with ESMA guidelines under MiFID II re: supervisory practice. Investment services providers, to report transaction completion from 3 January 2018. Venues to keep data on order allocation, make available to supervisory authorities. All trading venues, participants to synchronize clocks they use in…
Read more