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FCA updates, adds to and removes position limits

The UK’s Financial Conduct Authority has updated the MiFID II position limits previously announced. The updated page can be found here and the spreadsheet here. Last month, ESMA and the National Competent Authorities(NCA)  agreed that NCAs may publish limits directly, without waiting for an ESMA opinion (see here).

The new version of the limits include some previously unset limits, a new contract on the list and in some cases a roll back of limits to “tba” status. Those interested in more specifically identifying the changes are welcome to contact us at



About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on energy and commodity regulation. He has more than 20 years of experience in energy and commodity trading, credit, risk and financial technology. He has delivered a series of trading, credit and risk solutions to a wide variety of oil majors, power and gas companies and investment banks. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy 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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