Regulatory Alerts2020-08-06
ESMA Opinion on Position Limits for EEX PEG Natural Gas Contracts
The European Securities and Markets Authority (ESMA) issued an opinion approving position limits for PEG natural gas futures contracts set by the German Federal Financial Supervisory Authority (BaFin). ESMA validated the spot month limit of 15% of deliverable supply and the other months limit of 35% of open interest as compliant with RTS 21 and MiFID II objectives. The regulator recommended that BaFin carefully monitor trading patterns and review the limits to ensure market abuse prevention and orderly settlement.
Share