Jump to main content Go to search page
Finanstilsynet
Search
Home >
News archive >
Adoption of regulations on position limits for commodity derivatives

Adoption of regulations on position limits for commodity derivatives

Press release

Published: 20 December 2017
Last updated: 15 May 2018
Document number: 21/2017

Finanstilsynet has today adopted regulations on position limits for commodity derivatives traded on a trading venue in Norway and economically equivalent OTC contracts. The regulations will enter into force on 1 January 2018.

Rules mirroring the rules of MiFID II and MiFIR are now enshrined in Norwegian regulations empowering Finanstilsynet to establish position limits on the size of net positions which can be held in commodity derivatives. The position limits are established pursuant to the method set out in regulations on supplementary rules to the Norwegian MiFID II and MiFIR regulations being adopted by Finanstilsynet today.

The regulations on position limits for commodity derivatives set identical limits for illiquid commodity derivatives, and separate limits for each liquid commodity derivative. Finanstilsynet has drawn up a list of commodity derivatives traded on a trading venue in Norway and position limits applying to each commodity derivative.

ESMA has thus far not considered whether the position limits set are in conformity with Commission Regulation (EU) 2017/591. It is therefore possible that Finanstilsynet will change the limits after ESMA's review.

Related content

  • Regulations on position limits for commodity derivatives - Norwegian only (pdf)
  • More information on MiFID II / MiFIR and list of commodity derivatives and position limits

Press contacts

Phone: +47 40 90 03 50
(8 am - 9 pm)

  • Press contacts
To the top of the page expand_less

Did you find what you were looking for?

Share this page:

  • Twitter
  • Facebook
  • LinkedIn
Sign up for news updates
  • Media enquiries
  • Contact
  • Notifications to Finanstilsynet
  • Information about eCommunication
  • Privacy policy and cookies
  • RSS

Visitor address:
Revierstredet 3, 0151 Oslo

 

Postal address:
P.O. Box 1187 Sentrum
NO-0107 Oslo
Norway

 

Phone: +47 22 93 98 00 
E-mail: post@finanstilsynet.no

 

Organisation number:
840 747 972

To the top of the page expand_less