Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: position limits

FCA Publishes Notification Guide for Firms Wanting To Rely on MiFID II Ancillary Activity Exemption

Posted in Derivatives, EU Developments, Financial Markets, UK Developments
On July 19, the UK Financial Conduct Authority (FCA) updated its webpage on the introduction of the commodity derivatives position limits and reporting regime under the revised Markets in Financial Instruments Directive (MiFID II). The FCA explains that, under the MiFID II Directive, firms or individuals who trade in commodity derivatives on a professional basis… Continue Reading

CFTC Provides Temporary No-Action Relief for Aggregation Notice Filings for Position Limits

Posted in CFTC
On February 6, the Division of Market Oversight (Division) of the Commodity Futures Trading Commission issued CFTC Letter No. 17-06, which provides time-limited no-action relief from the requirement that persons relying on certain aggregation exemptions from federal position limit levels must file notice with the CFTC. Specifically, the Division stated that it would not recommend… Continue Reading

CFTC Proposes Supplemental Amendments to Position Limits Proposal

Posted in CFTC, Derivatives
On May 26, the Commodity Futures Trading Commission proposed amendments to its December 2013 speculative position limits proposal regarding 28 core referenced futures contracts. The proposed rules would allow certain exchanges and swap execution facilities, subject to CFTC review, to recognize and exempt from federal position limits both enumerated and non-enumerated bona fide hedges, certain… Continue Reading

CFTC Modifies Position Limit Aggregation Proposal

Posted in CFTC, Derivatives
The Commodity Futures Trading Commission has modified its position aggregation proposal, which initially was proposed on November 15, 2013. Under the 2013 proposal, an entity owning 50 percent or more of another entity would be required to aggregate the owned entity’s positions for purposes of complying with speculative position limits unless it filed an application… Continue Reading