Europex letter to DG FISMA on concerns on MiFID II position limits regime

Brussels, 11 December 2015 | In a letter to Mr Martin Merlin, Director at DG Fisma, Europex express its serious concerns about the Level 2 rules for the position limits regime under MiFID II as proposed by ESMA as part of the Regulatory Technical Standards (RTS) that were published on 28 September 2015. Europex calls for a change in the timing of the beginning of the application of spot month limits and the use of open interest as a basis for other months limits in the RTS 21.