Last week ESMA issued opinions on a variety of MiFID II position limits. The list can be found here. The limits are on EEX and ICE Endex contracts covering freight, gas and power. ESMA published opinions on limits set by National Competent Authorities. When opinions diverge from the original limit, the new limit takes effect after a “lead in” period. In this case, ESMA has not changed any of the limits from those proposed by the National Competent Authority in question. Recently the European Commission DG FIMSA proposed significant changes to the position limits regime, following a consultation on the topic, and moved forward by the desire to simplify some regulatory matters due to COVID-19 (see here).
Source: CTRM Center