Mifid II position limits: Preparing, monitoring and reporting in the new regime

Regulators are planning to have a fully harmonised position limit regime in place by the time Mifid II comes into effect on January 3, 2018. Many questions remain unanswered, including the limits themselves and the contracts on which they will be placed. This has caused anxiety among commodity market participants keen to have their commercial positions and compliance systems in place before the deadline. Furthermore, firms must monitor and report their commodity derivatives positions on a daily basis, raising a variety of implementation and operational issues for active market participants. 

A panel of industry experts discusses key requirements for commodity derivatives position limits as outlined by the European Securities and Markets Authority and the national competent authorities.

Issues covered include:

• An overview of Mifid II commodity position limit monitoring requirements.
• Qualifying for the ancillary and hedging exemption.
• EU/US harmonisation – how position limit regimes will align, and what global business are up against.
• Mifid II doomsday scenarios for January 3, 2018.
• What you can do to prepare for the new regulation.

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