MiFID II position limits set by AFM and AMF

Announcements of position limits by National Competent Authorities continues, following those over the past few weeks (see here).

The AFM of The Netherlands has announced 4 limits, which can be found here.  In addition the AMF of France has announced several limits on Euronext and Powernext, in two documents which can be found here and here (some of the Euronext ones were already known). AMF has also listed contracts for which the “illiquid” position limit of 2,500 lots applies.

As the MiFID II deadline approaches, most limits are now announced, although opinion documents from ESMA will still need to be issued in the coming weeks, whether before or after January 3rd,  to confirm them. These may provide some explanation of how some of the numbers have been calculated. This post on the Broadpeak blog considers the seemingly high level of some of the limits, as well as possible confusion on how some of the numbers are calculated. There is also some discussion on limits on Bitcoin futures. The issue of crypto currencies and blockchain use in general will be covered in a future post.