Last week ESMA issued 3 MiFID II position limit “opinions” on 3 commodity derivative contracts traded on EEX. This follows the publication of opinions in May (see here).

Each opinion has confirmed the limit at the level originally set. The documents explain the rationale for each limit, how the deliverable supply has been calculated and how spot month is established. The opinions can be found as follows:

• PXE Czech Power Base contracts – here
• EEX French Power Base contracts – here
• EEX French Power Peak contracts – here

The list of limits about which opinions have been issued, together with links, can be found here.