ESMA agrees MiFID II position limits proposed by FCA

On 24 October 2017, the European Securities and Markets Authority (ESMA) published nine opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).  

ESMA’s opinions agree nine position limits proposed by the Financial Conduct Authority (FCA). The position limits concern contracts on: 

• London cocoa;
• Robusta coffee;
• White sugar;
• Aluminium;
• Copper;
• Lead,
• Nickel;
• Tin; and
• Zinc.