Opinion · ESMA
Opinion on position limits on CEGH VTP natural gas Future contracts
Published
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ESMA opinion under Article 57(5) MiFID II on the position limits BaFin set for CEGH VTP natural gas futures, which moved from Powernext to EEX in 2020, concluding that the spot month and other months' limits (the latter adjusted upwards because open interest was well below deliverable supply) comply with RTS 21 and are consistent with Article 57.
Details
| Reference | ESMA70-155-9767 |
|---|---|
| Issuer | ESMA |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesESMA rulebook