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Our consultation sets out our proposals concerning position limits, the exemptions from those limits, position management controls, the reporting regime and the ancillary activities test.
Update: 30 May 2024
The Treasury has laid the Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) (Amendment) Order 2024. This includes provisions to delay the commencement date of articles 2(2), (3) and (4) of the Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) Order 2023. In line with these changes, we will delay revoking the UK version of delegated regulation (EU) 2017/592 (RTS 20) for the time being. We will also not be taking forward the proposals we made in CP23/27 relating to the ancillary activity exemption.
We will work with the Treasury, and market participants, with the aim to develop an approach that reflects the conclusions of the Wholesale Markets Review while als