Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English
The position limits will be applicable from 26 June 2025 on.
BaFin is required to set position limits for each significant commodity derivative offered on a German trading venue. A commodity derivative is considered significant if its open interest, i.e. the sum of all outstanding net positions, corresponds to at least 300,000 lots on average over a one-year period.
BaFin had conducted a public consultation during December 2024 and January 2025 on the administrative act. Furthermore, BaFin has notified ESMA of the position limits. ESMA’s opinion is available at https://www.esma.europa.eu/.