Fighting Speculation in Food and Energy Markets

by name voted on 06.07.2022

Summary

This motion objects to new EU rules on commodity derivatives, arguing they are too weak to stop speculation in food and energy markets.

9 06.07.2022

Other

energy

economy

finance

agriculture, forestry and fisheries

Key points

The motion formally objects to the Commission's delegated regulation regarding technical standards for position limits on commodity derivatives.
Current rules are considered insufficient to prevent excessive price volatility in essential food and energy markets.
The EU's current baseline for position limits is viewed as more permissive than the standards applied in other jurisdictions, such as the United States.
Restrictive definitions of equivalent contracts allow traders to bypass position limits by making only minor changes to contract specifications.

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

NI

The Left

Total

Speeches

1 Speech in total

Pro

Contra

Roberta METSOLA

Roberta METSOLA

PPE

0:36 min

11.3. Objection pursuant to Rule 111(3): Technical standards for the application of position limits to commodity derivatives and procedures for applying for exemption from position limits (vote)

Documents (PDFs)

MOTION FOR A RESOLUTION on the Commission delegated regulation of 20 April 2022 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the application of position limits to commodity derivatives and procedures for applying for exemption from position limits

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