ESMA_QA_1517
19/12/2016
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Subject Matter
Non-EU entities above position limits
How should non-EU entities with positions above the limits be treated? Do they have access to exemptions, and if so, when and how do they apply to the relevant NCA?
ESMA Answer
19-12-2016

[ESMA 70-872942901-36 Commodity derivatives Q&A, Q&A 2.5]

A non-financial entity from outside the EU (European Union) may apply for an exemption in the same manner as an EU firm would. The rules and procedures are laid down in RTS 21a.

Status: Answer Published

Additional Information

Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
Topic
Position limits