On 29 June 2022, NLD GVT issued letter on ABN AMRO and BNP Paribas. Minister of Finance Kaag sent a letter dated 29 June 2022 to Parliament, responding to reports about a possible takeover of ABN AMRO by BNP Paribas. Advises he has submitted a confidential letter to the Standing Committee on Finance, as per…
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Germany -BaFin Commodities Position Limits
On 21 December 2021, GE BaFin sets draft position limit for significant contracts. GE BaFin announced hearing on the setting of a new position limit for Phelix Power DE Future (Base) contracts, Phelix Power DE Option (Base) contracts (EU Enrg EEX). Issued a general ruling to take effect on 28 February 2022 from which date…
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Germany – BaFin Derivative Position Limits
On 25 November 2021, GE BaFin removed limits on commodity derivatives. GE BaFin said it has removed the majority of position limits on commodity derivatives. Follows EU February 2021, MiFID quick fix Dir 2021/338 on Covid recovery. Also follows GE GVT Jun. 2021 law implementing EU crowdfunding rules. Key points Decision follows changes to MiFID…
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Israel – ISA Approves Changes to Open Position Limits
On 7 October 2021, ISR TASE said ISA approved changes re: open position limit in TASE board of directors August 2015 decision, para 7. e. in chapter 3 in the third part of the rules. Chap 6 in regulations to the third part of the rules; TASE board of directors 18 February 2021 decisions on…
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U.K. – FCA Updated Position Limit Contact Information
On 14 September 2021, UK FCA updated the commodity position limits webpage with contact email.
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U.S. – ICE Fines for Excess Position Limits
On 31 August 2021, ICE FUS fined Aspire $700k for excess position limits. ICE FUS settled with Aspire Commodities, LLC, for position limits rule violations. Allegations Between the 2019 and 2021 expiration periods for the Henry LD1 Fixed Price Future, Aspire held positions in excess of the applicable spot month positions limits. Positions did not…
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