Q&A · ESMA
NFE application of a trading venue for position limit exemption
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
A non-financial entity needs to apply for a position limit hedging exemption only where it expects its risk-reducing positions to exceed the limit set for a contract, not for every contract it holds.
Details
| Reference | ESMA_QA_1520 |
|---|---|
| Issuer | ESMA |
| Published | 7 Jul 2017 |
| Answered | 7 Jul 2017 |
| Submitted | 7 Jul 2017 |
| ESMA topics | Position limits |
| Earlier Q&A document | ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 2.14 |
Provisions it relates to
- Article 57 MiFID II · Position limits in commodity derivatives and position management controls in commodity derivatives and derivatives of emission allowancesInferred · 90%
- MiFID II (whole act)Explicit reference