On 8 January 2020, FIA and ISDA responded jointly to ESMA’s consultation “MiFID II review report on position limits and position management and draft technical advice on weekly position reports”.
Update: On Aug. 3, the Senate confirmed the nominations of Brian Quintenz and Rostin "Russ" Behnam as CFTC Commissioners and Chris Giancarlo to serve as CFTC Chairman. The nominations were approved unanimously.
FIA wrote to the CFTC requesting interpretative guidance or no-action relief for market participants in complying with certain position aggregation requirements.
Following a joint FIA/EFET/GFMA/ISDA letter to ESMA in December 2016, the trade associations jointly submitted draft Q&As to ESMA on position reporting under Art. 58 of MiFID II.
FIA has submitted comments urging the Commodity Futures Trading Commission (CFTC) to assess whether position limits are needed and to expand exemptions for hedging activities before setting any new federal position limits.
On Dec. 5, the Commodity Futures Trading Commission voted unanimously to reissue rules establishing federal position limits on speculative trading in commodity futures and swaps for another round of public comment.
