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FinFrag, Mifid

More MiFID II limits, and some Finfrag news

Finanstilsynet the Norwegian National Competent Authority (NCA) last week adopted the EU position limits rules  as announced here, and set limits for positions in commodity derivatives on  relevant venues, including Nasdaq OMX, which can be found here. Finansinspektionen  the Swedish NCA has also announced limits at the end of November here. This follows limits announcements earlier this week (see here) and many other MiFID II related announcements at the end of last week (see here).

The next set of Swiss counterparties will be required to report trades executed on 1st January 2018 or afterwards under the FMIA/”Finfrag” regulation (see here). These counterparties comprise those with “FC-” and those with “NFC+” status. The deadline for Smaller NFC- entities has been delayed (see here). FINMA, the Swiss NCA, has opened a consultation process on the application of mandatory clearing under Finfrag. This article on the  Lexology web site by François Rayroux and Patrick Hünerwadel of Lenz & Staehelin further explains the consultation.

Wishing all of our readers a Happy New Year!

 

 

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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