On December 20, 2017, the Norwegian Financial Supervisory Authority (Finanstilsynet or FSA) published a press release on a webpage with position limits for commodity derivatives trading on a trading venue in Norway and economically equivalent over-the-counter contracts.

Under the revised Markets in Financial Instruments Directive (MiFID II), and as reported in the Corporate and Financial Weekly Digest edition of December 8, 2017, limits are required to be established on the size of a net position a person can hold (at all times) in commodity derivatives traded on European Union (EU)/European Economic Area (EEA) trading venues and economically equivalent over-the-counter contracts.

The position limits published by the FSA will be subject to changes and updates from time to time, and firms are encouraged to check them regularly.

The FSA webpage is available here.