On 13 January 2021, ESMA issued MiFID II commodity derivatives opinions.
- ESMA issued opinions on position limits for commodity derivatives under MiFID II, MIFIR, for EEX Phelix DE Power Base and EEX Phelix DE/AT Power Base contracts.
Opinions
- ESMA found that the proposed position limits are consistent with the objectives established in MiFID II and with the methodology developed for setting those limits.
- ESMA will continue to assess the notifications received and issue opinions in order to ensure that the position limits are set in accordance with the MiFID II framework.
