ESMA: Position limits regarding commodity derivatives under MiFID II/MiFIR

ESMA has published nine opinions on position limits regarding commodity derivatives under MiFID II/MIFIR which agree nine position limits proposed by FCA. The position limits concern contracts on: London cocoa, Rubusta coffee, white sugar, aluminium, copper, lead, nickel, tin and zinc. In addition, ESMA has published a list of liquid contracts that will receive a bespoke position limit and will continue to assess the notifications received and issue opinions in order to ensure that the position limits are set in accordance with the MiFID II framework. All opinions and the list may be downloaded via the following link.