ESMA updates MiFID II Q&A on commodity derivatives

MiFID Firms

Date: 20 November 2017

On 14 November 2017, the European Securities and Markets Authority (ESMA) today updated its Questions and Answers (Q&As) regarding commodity derivatives under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).


The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to commodity derivatives topics. It provides responses to questions posed by the general public and market participants in relation to the practical application of data reporting requirements.


This update includes new answers regarding:


  • Position limits;
  • Ancillary activities; and
  • Position reporting.