Industry associations raise concerns on position limits, position reporting and ancillary activities under MiFID II

FIA, along with ISDA, EFET, GFMA and IETA, has sent a letter to the European Commission, the European Parliament and ESMA, setting on our position on position limits, position reporting and the ancillary activities under MiFID II. The associations, which represent commodity producers and suppliers as well as commodity end-users, buy-side firms and financial participants, remain concerned about the design and calibration of the implementing rules currently under consideration.