On February 9, the European Securities and Markets Authority (ESMA) published a revised draft implementing technical standards (ITS) on position reporting under the revised Markets in Financial Instruments Directive (MiFID II).

The ITS were originally published in 2015. Since then, ESMA has identified a number of technical amendments necessary for the correct functioning of the position reporting of commodity derivatives. This includes amendments to the format of position reports. The changes themselves are highlighted in the revised ITS, which has been sent by ESMA to the European Commission for endorsement.