NOTICE OF DISCIPLINARY ACTION

NON-MEMBER:

SKANDINAVISKA ENSKILDA BANKEN AB

NYMEX RULE VIOLATION:

562. POSITION LIMIT VIOLATIONS

Any positions in excess of those permitted under the rules of the Exchange shall be deemed position limit violations.

FINDINGS:

Pursuant to an offer of settlement Skandinaviska Enskilda Banken AB (“SEB”) presented at a hearing on February 4, 2021, in which SEB neither admitted nor denied the NYMEX rule violation upon which the penalty is based, a Panel of the NYMEX Business Conduct Committee (“BCC”) found that, on September 29, 2020, SEB held a futures equivalent long position of 502 October 2020 Platinum Futures (“OCT20 PL”) contracts, which was 2 contracts, or .40%, over the standard expiration month position limit in OCT20 PL, which went into effect at the close of business on September 29, 2020.

The Panel found that as a result, SEB violated Rule 562.

PENALTY:

In accordance with the settlement offer, the Panel ordered SEB to pay a fine to the Exchange in the amount of $8,000.