Opinion · ESMA
Opinion on position limits on MEFFPOWER Baseload contracts
Published
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ESMA opinion under Article 57(5) MiFID II on the revised position limits the Spanish CNMV intended to set for MEFFPOWER baseload power contracts after recalculating open interest, following ESMA's January 2020 opinion on the earlier limits, and concluding that the revised spot month and other months' limits comply with RTS 21 and are consistent with Article 57.
Details
| Reference | ESMA70-155-11682 |
|---|---|
| Issuer | ESMA |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesESMA rulebook