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  1. Questions and Answers on MiFID II and MiFIR commodity derivatives topics (ESMA70-872942901-36) (updated 23 September 2022)
  2. 2 Position limits [Last update: 23/09/2022]
  3. Question 6 How do limits apply to long and short positions? [Last update: 19/12/2016]
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Version date: 19 December 2016 - onwards

Question 6 How do limits apply to long and short positions? [Last update: 19/12/2016]

Art. 3 of RTS 21

How do limits apply to long and short positions?

Answer 6

Position limits apply to net positions regardless of whether the net position is long or short. When calculating their positions, a person needs to aggregate their long and short holdings in spot contracts towards the spot month limit. They separately need to aggregate all their long and short positions for all other months towards the other months' limit.

Comparing proposed amendment...
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