Yesterday the UK’s Financial Conduct Authority (FCA) published a list of position limits under MiFID II on their position limits page, which can be found here. The list comprises many limits, in excess of those on which ESMA published opinions earlier this week (see here). The list includes many “bespoke” limits, as well as contracts on which the “de minimis” limit of 2,500 lots is to be applied, where other contracts are to be aggregated into them. It was announced in late September that National Competent Authorities would be permitted to published limits directly in this manner (see here).

The FCA also updated their position reporting instructions document, which can be found here. This is to be used by venues and investment firms to report positions to the FCA.