Opinion · ESMA
Opinion on position limits on EEX THE Gas contracts
Published
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ESMA opinion of 2 June 2025 under Article 57(5) MiFID II on the position limits BaFin intended to set for EEX Trading Hub Europe (THE) gas futures, a critical or significant contract (net open interest of at least 300,000 lots), with a spot month limit of 17,938,800 MWh (6% of deliverable supply); ESMA concludes that both limits comply with RTS 21a and are consistent with Article 57.
Details
| Reference | ESMA74-2124877886-17222 |
|---|---|
| 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