Tag Archives: position limit

Hong Kong – SFC Position Limit Regime Change

On 21 June  2022, FIA responded to HK SEF consultation on changes to the position limit regime; stressed that data reporting requirements should always be meaningful. Noted the benefits of imposing such requirements should also be proportional to the resources needed to meet them; provided suggestions for consideration by HK SEF. Advised expanding category of…
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Vietnam – SEC Derivative Securities Market

On 17 June 2022, VIE VSD issued update on the contents of decision 61/QD-VSD, specifically regarding regulations on clearing and settlement of derivative transactions. Clearing members are entitled to withdraw escrow assets if certain conditions are met. Such as when the rate of use of escrow assets after withdrawal is below the threshold. As well…
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Hong Kong – Consultation on Position Limit Reporting

On 2 June 2022, HKEX proposed to amend open position reporting. HKEX proposed to amend position limits, large open position reporting requirements. Follows HK SFC April 2022 proposed changes to position limit regime. Position Limits Add 2 tiers of 200k, 250k contracts to single stock option (SSO) position limit model. Introduce a 5-tiered exchange-level position…
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Hong Kong – SFC Position Limit Regime Change

On 26 April 2022, HK SFC proposed changes to the position limit regime. HK SFC issued consultation paper on proposed changes to the position limit regime. Proposed changes address recent developments in Hong Kong's securities and futures markets, and align the requirements with HK SFC’s regulatory policies and objectives. Follows May 2017, HK SFC said…
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E.U. – ESMA Commodity Derivative Standards

On 24 March 2022, EU CMSN adopted the regulatory technical standards under directive 2014/65/EU on position management controls and began 3-month scrutiny period. Overview The RTS includes procedure for position limit exemptions, methods to determine position limit and position management tool for trading venues. Under MIFID II Recovery Package, position limits will apply to agricultural…
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U.K. – FCA MiFID Commodity Positions

On 7 December 2020, UK FCA updated position limits for commodity derivative contracts. Limits established under markets financial instruments regulations 2017 (MIFI regs). Limits revised in line with RTS 21, states they should be reviewed when there is major change in open interest, deliverable supply, other significant change in market. Changes reflect changing market conditions,…
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