Monthly Archives: January 2018

U.K. – FCA MiFID Position Limits

On 25 January 2018, FCA updated list of position limits on commodity derivative contract. Position limits on further commodity derivative contract which is traded on a UK venue. Apply to positions held in spot month, other months' periods for Swiss Baseload Power contract (Ch Phy BLSws), traded on the Organised Trading Facility, of GFI Brokers…
Read more

Netherlands – AFM Improvements for AIFM

On 23 January, AFM issued report on improvement by alternative funds. In 2017, AFM conducted research into compliance with legal rules regarding sound business conduct, governance and separation of assets among 12 managers of AIF. Research finding show that there is substantial room for improvement in this group. Main Outcomes Show 6 of investigated managers…
Read more

Germany – BaFin Position Limits in MiFID

On 22 January 2018, BaFin issued draft commodity derivative position limits for hearing. PXE Czech future, base; Phelix power future, option, base; Phelix power future, peak. BaFin will accept comments on the draft position limits set out above by 5 February 2018.
Read more

E.U. – ESMA Transparency For MiFID

On 19 January 2018, ESMA issued updated transparency calculations (TTC) for MiFID. Extended version of TTCs for equity, bond instruments, adding further instruments. New instruments TTC alongside those issued on Dec. 22, 2017, remain unchanged. TTC for equity instrument traded for first time between Sep. 13, 2017 Jan. 2, 2018. Bond instruments (except ETCs, ETNs),…
Read more