The FCA have added information on position limits and position reporting under Art. 57 and 58 MiFID II on their website. In the coming months, this website should be further populated with information on the hedging exemption application process.
Further, ESMA published its first set of Q&As on the ancillary activity exemption and the position limits regime under MiFID II. We expect further Q&As in the coming weeks.
In the meantime, if you have any questions or would like to get more involved with FIA’s work on ancillary activities, position limits or position reporting under MiFID II, please get in touch with Christiane Leuthier.