Regulatory Alerts2021-07-12
ESMA Opinion on position limits for EEX NCG Natural Gas contracts
The European Securities and Markets Authority (ESMA) issued an opinion approving the new position limits set by the German Federal Financial Supervisory Authority (BaFin) for EEX NCG Natural Gas futures. The approved limits are 10,234,188 MWh for the spot month and 10,768,942 MWh for other months, reflecting a significant reduction in open interest and adjustments for deliverable supply. ESMA concluded that these limits comply with RTS 21 methodology and MiFID II objectives, while recommending continued monitoring of trading patterns to prevent market abuse.
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