05.02.2018

Regulatory Update: Commodity derivative contracts

FCA position limits for commodity derivative contracts

Under Regulation 16 of The Financial Services and Markets Act (Markets in Financial Instruments) Regulations 2017, Article 57 of MiFID II and Regulatory Technical Standard 21, The Financial Conduct Authority (FCA) have published position limits on an additional commodity derivative contract, traded on a UK trading venue.

These limits take effect from 31st March 2018 and apply to positions in the Spot Month and other months’ periods for the Swiss Baseload Power contract, via the organised trading facility of GFI Brokers Ltd.

Further information:

To read the Regulation please follow this link: https://www.fca.org.uk/markets/mifid-ii/commodity-derivatives/position-limits

Contact us here

Other articles

FCA statement on communications in relation to PRIIPs

Regulatory Update: PRIIPs

CP18/4: The European Money Market Funds Regulation

Regulatory Update: European MMFs Regulation

Commission Delegated Regulation adding Ethiopia to the list of high risk countries

Regulatory Update: Ethiopia

Please Note: This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.

Source and credit: Compliancy Services