FFFS 2017:22

Finansinspektionen’s regulations regarding position limits

In force from 2018-01-03

Summary

FI has decided on new regulations that establish position limits for commodity derivatives. The new rules contain limits on the size of the positions in commodity derivatives held by natural and legal persons.

New rules in the Securities Market Act regarding commodity derivatives will begin to apply in January 2018. According to these rules, FI shall establish position limits for commodity derivatives that are traded on a trading venue in Sweden.

In terms of position limits for Nordic power derivatives that are traded on Nasdaq Stockholm, FI has applied the method of calculation set out in Commission Delegated Regulation (EU) 2017/591 to establish position limits.

The regulations are part of the implementation of the revised EU Directive on markets in financial instruments (MiFID II).

The new regulations enter into force on 3 January 2018.

There is an error in the regulations. See the correction sheet below.

Amendments

FI has decided on amendments to Finansinspektionen's regulations (FFFS 2017:22) regarding position limits. According to the changes, EPAD contracts are included in the position limits for Nordic power.

In January 2018, new regulations regarding commodity derivatives went into effect. According to these regulations, FI shall determine position limits for commodity derivatives that are traded at a trading venue in Sweden.

FI's obligation to establish position limits is set out in the revised EU Markets in Financial Instruments Directive (MiFID II).

The amendments enter into force on 20 April 2018. Amendment 2018:3

Documents

Changes

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