Regulatory Alerts2020-09-23
ESMA Opinion on position limits for Fish Pool Farmed Salmon contract
The European Securities and Markets Authority issued an opinion on position limits proposed by the Norwegian Finanstilsynet for the Fish Pool Farmed Salmon contract. ESMA assessed that the proposed spot month limit of 23,400 lots and other months limit of 20,800 lots comply with the calculation methodology in RTS 21 and the market abuse prevention objectives of MiFID II. While approving the limits, ESMA recommended that the competent authority carefully monitor trading patterns and review the spot month limit to ensure orderly market conditions.
Share