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New MiFID II position limits opinions issued by ESMA and other related updates

ESMA has issued “opinion” documents on three MiFID II position limits, which relate to limits already published by National Competent Authorities. They are:

  • ICE Natural Gas Futures – here
  • EEX Swiss Power Baseload Contracts – here
  • EEX Phelix DE/AT Baseload Power Contracts – here

The spreadsheet published by ESMA showing all opinions so far together with links has been updated and can be found here.

There has also been an amendment to the limit aggregations on the FCA position limit list, which can be found here.

The FSA, the Norwegian National Competent Authority, has also adjusted limits on German Baseload power contracts due to the split of the German/Austrian bidding zone. The announcement can be found here.

 

 

 

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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