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!