EUROPEAN UNION: ESMA Publishes MIFID II Position Management Controls for Commodity Derivatives

Thursday January 11 2018

On 9th January 2018, the European Securities and Markets Authority (ESMA) issued  position management controls which apply to commodity derivatives under the Markets in Financial Instruments Directive (MiFID II).

MIFID II requires Member States to ensure that investment firms and market operators operating a trading venue which trades commodity derivatives apply position management controls.

Therefore investment firms or market operators operating trading venues are obliged to inform their national competent authority (NCAs) of the details of position management controls. The NCA’s then inform ESMA which publishes and maintains a database with summaries of these controls.

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