On 27 February 2020, proposal published in federal register, comment 29 April 2020.
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E.U. – ESMA Position Limits Under MIFID II
On 7 February 2020, ESMA issued opinions on position limits under MIFID II. 7 opinions on position limits re commodity derivatives under MIFID II/MIFIR issued. Follows ESMA January 2019 issued commodity position limits under MiFID. Overview Opinions agree with proposed position limits re ICE Endex Dutch TTF Gas contracts, EEX Phelix DE Base Power contracts,…
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India – SEBI Interest Rate Derivatives
On 26 September 2019, IND SEBI updated position limits for derivatives. Previously prescribed framework for trading of cash settled interest rate derivatives. Following consultations with stock exchanges, SEBI will review extant position limits. Banks and primary dealers have same position limits as trading members. Category I and II FPIs shall have same position limits as…
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U.S. – CFTC Limits on Security Futures
On 27 September 2019 final rule published in federal register, effective 26 November 2019.
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Germany -BaFin Position Limits in MiFID
BaFin issued final position limits, taking effect on 11 October 2018. Limits for Phelix power DE future/option contract, base, Phelix power DE future, peak. Phelix base: 40,416,961 MWh for spot month, 209,747,820 MWh for the other months. Phelix peak: 8,432,622 MWh for spot-month and 4,621,611 MWh for the other months.
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