Date-stamp loading

2 Position limits [Last update: 23/09/2022]

Comparing proposed amendment...
Question 1 Are position limits applicable only at the end of each trading day or also throughout the trading day? [Last update: 19/12/2016]
Question 2 What is the definition of a lot for the application of Article 57(1) of MiFID II to those commodity derivatives for which a lot, as defined in the contract specification by the trading venue, does not represent a standard quantity of the underlying across all maturities/delivery periods for that commodity derivative? [Last update: 23/09/2022]
Question 3 What is a lot in the case of Economically Equivalent OTC contracts (EEOTC)? [Last update: 19/12/2016]
Question 4 Should positions with different maturities for other month's limits be netted? [Last update: 23/09/2022]
Question 5 How should non-EU entities with positions above the thresholds be treated? Do they have access to exemptions, and if so, when and how do they apply to the relevant NCA? [Last update: 19/12/2016]
Question 6 How do limits apply to long and short positions? [Last update: 19/12/2016]
Question 7 Are securitized derivatives considered to be commodity derivatives under MIFID II? How does ESMA differentiate between ETCs and securitized derivatives? [Last update: 23/09/2022]
Question 8 Are the net positions held by clearing members usable for the purposes of determining the positions of their clients for the application of position limits under Article 57? [Last update: 19/12/2016]
Question 9 Will there be a different position limit for options and futures? If so, how should options be converted into futures for the application of position limits? [Last update: 23/09/2022]
Question 10 How is the position limits regime applied to the various underlyings listed in Annex I, Section C(10) of MIFID II? [Last update: 23/09/2022]
Question 11 Can a hedge exemption be netted against positions in derivatives which are not objectively measurable as reducing risks directly related to that person's commercial activity? [Last update: 23/09/2022]
Question 12 What is the meaning of the 'single fungible pool of open interest' in Art 5.1(b) of RTS 21? Does it refer only to those commodity derivatives cleared in the same central counterparty? [Last update: 23/09/2022]
Question 13 How should agricultural contracts that have a high variability of open interest during the year be treated (i.e. minimum open interest is below 10,000 lots but maximum above it)? [Last update: 23/09/2022]
Question 14 Is it necessary for a Non-Financial Entity (NFE) to apply to the relevant NCA of a trading venue for a position limit exemption in all contracts in which that NFE holds positions? [Last update: 07/07/2017]
Question 15 How should the spot month be defined for contracts where there are daily, weekly, quarterly and calendar as well as monthly variants of the same contract? [Last update: 15/12/2017]
Question 16 How can limits be set for contracts with an open interest between 5,000 and 10,000 lots which have a low number of market participants or market makers as described in Article 19(2) of RTS 21? [Last update: 23/09/2022]
Question 17 How are position limits applied to intercommodity 'spread' or 'diff' contracts? [Last update: 23/09/2022]
Question 18 Do position limits also apply to positions in contracts that have been entered into prior to 3 January 2018 and are traded on a trading venue, including an OTF, or are economically equivalent OTC contracts (EEOTC) to those traded on a trading venue? [Last update: 23/09/2022]