ESMA update its Q&As on MIFID II and MIFIR commodity derivative topics

October 2nd 2018 

The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on MiFID II and MiFIR commodity derivatives topics.

These Q&As provide clarification on issues related to the MiFID II/MiFIR regime for commodity derivatives, including on position limits, position reporting and ancillary activity.

New or revised answers are provided on the following topics:

  • On the ancillary activity test Q&A numbers 3 and 10 were updated, and Q&A 13 was deleted.
  • On position limits and reporting, two new Q&As clarify the treatment of legacy positions on OTFs and specifies further the types of firms that have to submit weekly position reports.

Related links: