The FCA has published a new webpage on position limits for commodity derivative contracts under MiFID II.
The webpage lists the commodity derivative contracts that the FCA identified as trading on a UK trading venue which, from 3 January 2018, will have a bespoke position limit set against them.
The list will be subject to change, and the FCA encourages firms to check the webpage regularly.
Any other commodity derivatives not listed on the webpage and traded on a trading venue (but not traded in significant volumes on a venue in another member state) will, from 3 January 2018, be subject to a limit of 2,500 lots.
At the bottom of the webpage the FCA sets out further notes which include the following comments:
- the FCA is publishing on the webpage the list of contracts using the most recent market data available to it. However, it cannot guarantee the complete accuracy of the list; and
- the FCA will update the list of contracts that appear on the webpage on a regular basis to reflect contracts traded on platforms which are applying to it for authorisation as a trading venue.
View New FCA webpage on position limits for commodity derivative contracts under MiFID II, 30 August 2017