EU lags UK on commodity position limits – RWE
German energy firm urges EU to follow UK in handing position limit powers to trading venues
As UK firms prepare for a new commodity derivatives position limits regime from July 6, energy market participants say Europe needs to catch up.
Under the UK Financial Conduct Authority’s (FCA) new framework, the power to set position limits and grant hedging exemptions to non-financial energy firms will pass from the regulator to exchanges.
Karl-Peter Horstmann, head of markets regulation at German energy firm RWE Supply and Trading, said the regime had pushed the UK out in front and that Europe
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