Q&A · ESMA
Position limits - net positions held by clearing members
Answered
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Net positions that CCPs hold at clearing member level cannot be used to determine clients' positions for position limits, which apply to each individual person; clearing-level positions must be broken down by holder.
Details
| Reference | ESMA_QA_1519 |
|---|---|
| Issuer | ESMA |
| Published | 19 Dec 2016 |
| Answered | 19 Dec 2016 |
| Submitted | 19 Dec 2016 |
| ESMA topics | Position limits |
| Earlier Q&A document | ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 2.8 |
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