Article summary
The International Swaps and Derivatives Association (ISDA) and the Futures Industry Association (FIA) have submitted a joint response to the European Securities and Markets Authority’s (ESMA) consultation on draft technical standards that it is required to develop as a result of changes made to the commodity derivatives framework in Directive 2014/65/EU (MiFID II) by Directive (EU) 2021/338 as part of the Capital Markets Recovery Package. ISDA and FIA members believe the proposals will improve the position limits regime, although there are some areas of concern.
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial