ESMA clarifies MiFID II position limits

The European Securities and Markets Authority (ESMA) on Wednesday clarified that position limits under MiFID II will not apply to commodity derivatives traded on third-country trading venues, should certain criteria be met.

  • By Costas Mourselas
  • 31 May 2017

The pan-European regulator insisted that the ruling would only definitely apply to third-country trading venues with “features similar to the features common to all EU trading venues.”

These criteria include operating a multilateral system and being subject to “authorisation in accordance with the legal and supervisory framework of ...

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