On 23 September 2022, the European Securities and Markets Authority (ESMA) updated their Q&As on MiFID II and MiFIR commodity derivatives topics.

The revised Q&As reflect mainly the amendments introduced by the Capital Markets Recovery Package, including those introduced by the entry into force of the latest technical standards and Commission Delegated Regulation (EU) 2021/1833 on the ancillary activity criteria.

The following sections of the Q&As have been updated:

  • Position limits.
  • Ancillary activity.
  • Position reporting.
  • Third country issues.