ESMA clarifies application of position limits pending MiFID II change
MiFID Firms
Date:
01 April 2021
On 19 March 2021, the European Securities and Markets Authority (ESMA), issued a
public statement on its supervisory approach to position limits for commodity derivatives. The purpose is to clarify the application of position limits and coordinate the supervisory actions of National Competent Authorities (NCAs), pending the legislative change introduced by the MiFID II Recovery Package for commodity derivatives. This legislative change will start to apply in early 2022.