Regulatory Alerts2021-07-12
ESMA Opinion on position limits for EEX TTF gas contracts
ESMA issued an opinion assessing German regulator BaFin's proposed position limits for Dutch Title Transfer Facility gas futures and options traded on the European Energy Exchange. The regulator approved a spot month limit of 54,933,750 MWh and an other months limit of 44,818,670 MWh, confirming they comply with RTS 21 methodology and MiFID II objectives. This decision replaces previous limits following a review of decreased open interest and updated deliverable supply calculations.
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