Position limits

MiFID II aims to establish a harmonised position limits regime for the positions any person can hold, at an aggregate group level, in a derivative contract in relation to a commodity in order to prevent market abuse, including cornering the market, on commodity derivatives and to support orderly pricing and settlement conditions. These position limits have a particular scope considering that they shall also apply to any person exempt from the scope of MiFID II under Article 2 of MiFID II.