Monthly Archives: December 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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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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E.U. – ESMA Advises Short-Selling Rules

On 21 December, ESMA issued advice to EC on elements of short-sales. Proposed amendments for controversial areas of short-selling regulation (SSR). Aims to improve relevance, effectiveness, coherence, and efficiency of the SSR. SSR lays down common regulatory framework for powers on short sales, CDS. Aims to ensures greater coordination and consistency between Member States. Enhance…
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