Regulatory Alerts2021-03-08
ESMA Opinion on position limits for PXE Czech Financial Baseload contracts
The European Securities and Markets Authority (ESMA) issued an opinion approving revised position limits set by the German Federal Financial Supervisory Authority (BaFin) for PXE Czech Financial Baseload Future contracts. The new limits of 1,870,394 MWh for the spot month and 3,437,644 MWh for other months were recalculated based on updated open interest data and deliverable supply statistics. ESMA concluded that these limits comply with the methodology in RTS 21 and support the objectives of MiFID II by preventing market abuse while maintaining orderly market conditions.
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