ESMA is also publishing a list of liquid contracts that will receive a bespoke
position limit and it will continue to assess the notifications received and issue opinions in order to ensure that the
position limits are set in accordance with the MiFID II framework.
The SFC said, 'HSBC's breaches arose because, during the relevant time, there were no policies and procedures in place for
position limit monitoring and controls in relation to HKFE listed products and there was no staff responsible for monitoring the net open positions of HSCEI related products entered into by [HSBC's] house account.
In addition, the Financial Industry Regulatory Authority censured and fined BNP Paribas for deficiencies in its large option position reporting system and
position limit, and Citadel Securities on written supervisory procedure failures.
It also raised the daily net open
position limit for banks from 0.
5 (discussing recent lawsuit challenging
position limit rule).
on the spot-month
position limit levels currently in place at designated
com USA Two-year-old star
Position Limit out for season Australia Injury to leading Melbourne Cup hope Rebel Raider
In order to check undue concentration in a particular security and to prevent manipulation, the committee has proposed scrip wise
position limit.
In particular, the commission's Notice on Proposed Rulemaking contains so-called "crowding out" provisions that mean that hedgers who receive an exemption from the
position limit can hold no speculative positions at all.
Gensler said new
position limit rules could be proposed as soon as this fall.
16 announced settlement with the Commodity Futures Trading Commission (CFTC) over charges that the co-op manipulated Class III milk futures contracts and exceeded a speculative
position limit.
Trading in the OTC market has no
position limit at all and is largely not subject to federal oversight.
