ESMA · ESMA_QA_1515 Answer Published
Applicability of position limits
- Regulation
- Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
- Topic
- Position limits
- Submitted
- 2016-12-19
- Answered
- 2016-12-19
Question
Are position limits applicable only at the end of each trading day or also throughout the trading day?
Answer
[ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 2.1] Position limits are applicable at all times. This is particularly relevant when a commodity derivative is traded OTC outside the normal trading hours of a trading venue.
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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