The UK’s FCA have published these minutes from their MiFID II round table. There are several notes on commodity derivatives, including a reminder of the contents in the second consultation paper on position limits, although there are notes on the transmission of limits and utilisations to and from ESMA, and how the hedge exemption will be applied. The issue of firms needing to give data to venues that may be confidential is also mentioned.

The minutes note that Level 3 work has commenced in other areas, despite  the final form of RTS 20 on the Ancillary Activity test not being known.