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…
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E.U. – ESMA Commodity Derivatives MiFID
On 23 September 2020, EU ESMA published opinions dated 2 September 2020 on position limits. ESMA’s opinions agree with the proposed position limits re: the EEX TTF Gas contract; the Nasdaq Oslo Nordic Power contract; and the Fish Pool Farmed Salmon contract.
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Eurex Euro Position Limit Reporting
On 13 August 2020 Eurex defined reporting and position limits for September 2020. Eurex issued fixed income futures, definition of reporting and position limit, September 2020. Position and Reporting Limits Position limits apply to long positions in front month contracts of concerned products. Reporting limits valid 31 August 2020 after trading close until 3 September…
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India – SEBI Issues Takeovers Amendment
On 16 June 2020, IND SEBI issued (substantial acquisition of shares and takeovers) (amendment) regulations, 2020 which enter to force on publication in official gazette. Regulation 3, in sub-regulation(2), states that the acquisition beyond 5% to 10% of voting rights in target company shall be allowed in 2020-21 only in respect of acquisition by a…
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U.K. – FCA MiFID Position Limits
On 5 May 2020, UK FCA updated position limits for commodity derivative contracts.
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India – NSE Market Wide Position Limits
On 28 February 2020, NSE specified the position limits that will be reckoned 2 March 2020. Background On 31 December 2019, NSE updated on market wide position limits. In pursuance of the regulations of the futures & options segment, updated on the security wise market wide position limits, trading member wise position limits. The FII/FPI…
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