The Financial Conduct Authority (“FCA”) has approved position limits effective January 3, 2018 for various commodity derivatives. Limits are for spot months and all other months. Limits are subject to change depending on opinions that may subsequently be issued by the European Securities and Markets Association. Separately, ESMA concurred with position limits previously proposed by FCA for London cocoa, Robusta coffee, white sugar, aluminum, copper, lead, nickel, tin and zinc. (Click here for further information.)