Monthly Archives: March 2018

Germany – BaFin Position Limits in MiFID

On 29 March 2018, BaFin issued draft commodity derivative position limits for hearing. PXE Hungarian future, base; Phelix DE/AT baseload future; Dutch power future, base. BaFin will accept comment on the draft position limits set out above by 17 April 2018.
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E.U. – ESMA Commodity Limits FAQ Updated

On 27 March 2018, ESMA updated its FAQs on commodity derivatives under MiFID II. FAQ on position limits clarified circumstances under which less liquid contracts may receive bespoke limits, established by relevant national competent authority (NCA). With a new approach to development and application of limits for spread contracts. The spread positions are disaggregated, and…
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Canada – IIROC Short Position Calculation

On 22 March, IIROC issued guidance on short position calculation. Participants, Access Persons must file short position reports, per UMIR 10.10. Follows IIROC Dec. 2017 notice on calculation and reporting of short position. Calculate and file report of short positions in each listed and quoted security. Report as of the 15th day, and the last…
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U.S. – Nasdaq Position Limit on ETFs

On 22 March, Phlx, MIAX proposed rule on position limits for ETFs. MIAX amended rule 307 on position limits, as well as rule 309 exercise limits. PHLX amended section (A) of exchange rule 1001, relating to position limits. Revisions Increase position, exercise limits in options, on range exchange traded funds. For options on the following…
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