ESMA publishes draft commodity derivative technical standards under MiFID II Recovery Package

MiFID Firms

Date: 31 January 2022
On 22 November 2021, the European Securities and Markets Authority (ESMA), published its Final Report on draft Regulatory Technical Standards (RTS) for commodity derivatives under the MiFID II Recovery Package. The draft RTS include proposals on the application procedure for position limit exemptions, a methodology to determine position limits and position management tools for trading venues, which will contribute to stable and orderly commodity derivative markets at a time of heightened scrutiny.