Opening a position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and closing such position immediately after having publicly disclosed and having put emphasis on the long holding period of the investment
Effective implementation of surveillance alerts for opening a position and closing it immediately after its public disclosure requires capturing the following trade data:
trade data and position data
communications data
research, marketing and media releases
Surveillance alerts should consider external communications (including research, marketing materials, press and media releases) in conjunction with internal position and reset risk data.
Opening a position in a financial instrument, related spot commodity contract, or an auctioned product based on emission allowances and closing such position immediately after having publicly disclosed and having put emphasis on the long holding period of the investment — usually known as ‘opening a position and closing it immediately after its public disclosure’;
COMMISSION DELEGATED REGULATION (EU) 2016/522, Annex II, Section II, 1 (b)