Q&A · ESMA
Agricultural contracts
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
An agricultural commodity derivative keeps the default 10,000-lot limit under Article 17 of RTS 21a until its open interest exceeds 20,000 lots on every day, at end of day, for three consecutive months; only then must an individual position limit be set.
Details
| Reference | ESMA_QA_1279 |
|---|---|
| Issuer | ESMA |
| Published | 23 Sept 2022 |
| Answered | 23 Sept 2022 |
| Submitted | 23 Sept 2022 |
| ESMA topics | Position limits |
| Earlier Q&A document | ESMA70-872942901-36 Commodity derivatives, Position limits, Q&A 13 |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesInferred · 90%
- MiFID II (whole act)Explicit reference