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Dodd Frank, Mifid

Position limits rules and others worldwide

While the start of MiFID II commodity derivatives position limits moves closer (see here), there has been some movement in the US in finally applying mandatory position limits, which will apply to certain core contracts (see here). This article on the Reuters web site highlights convergence in opinion on how to finalise the rules and implement them. In general, there has now been some signs of the changes likely to take place under the Dodd Frank Act (for example see this post on the RegtechFS web site), although these do not cover reporting to a great degree. The CFTC has also published this roadmap presentation, which outlines how reporting will be improved in the coming period. This post by Alan McIntyre of Regtek on The OTC Space provides further comment.

Meanwhile, the Securities and Exchange Board of India (SEBI) has announced mandatory position limits for agricultural commodity derivatives, as highlighted by this article on the Reuters web site. The more detailed proposal from SEBI can be found here.

 

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

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