Regulatory Alerts2023-09-14
ESMA Opinion on Position Limits for Fish Pool Farmed Salmon Contract
The European Securities and Markets Authority (ESMA) issued an opinion assessing new position limits for the Farmed Salmon commodity contract notified by the Norwegian Finanstilsynet. ESMA concluded that the proposed limits of 5,951 lots for the spot month and 15,837 lots for other months comply with the calculation methodology in RTS 21a and support the objectives of MiFID II. The regulator invited the Norwegian authority to closely monitor market developments and promptly notify ESMA of any necessary revisions to these limits.
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