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Section 1 Determination of baseline figures (arts. 9-13) |
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Article 9 Methodology for determining the baseline figure for spot month limits (Article 57(4) of Directive 2014/65/EU) |
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Article 10 Deliverable supply (Article 57(3) of Directive 2014/65/EU) |
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Article 11 Methodology for determining the baseline figure for other months' limits (Article 57(4) of Directive 2014/65/EU) |
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Article 12 Open interest (Article 57(3) of Directive 2014/65/EU) |
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Article 13 Methodology for determining the baseline figure in respect of certain contracts (Article 57(4) of Directive 2014/65/EU) |
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Section II Factors relevant for the calculation of position limits (arts. 14-22) |
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Article 14 Assessment of factors (Article 57(3) of Directive 2014/65/EU) |
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Article 15 New and illiquid contracts (Article 57(3)(g) of Directive 2014/65/EU) |
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Article 16 The maturity of the commodity derivatives contracts (Article 57(3)(a) of Directive 2014/65/EU) |
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Article 17 Deliverable supply in the underlying commodity (Article 57(3)(b) of Directive 2014/65/EU) |
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Article 18 The overall open interest (Article 57(3)(c) of Directive 2014/65/EU) |
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Article 19 The number of market participants (Article 57(3)(e) of Directive 2014/65/EU) |
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Article 20 Characteristics of the underlying commodity market (Article 57(3)(f) of Directive 2014/65/EU) |
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Article 21 Volatility of the relevant markets (Article 57(3)(d)) of Directive 2014/65/EU) |
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Article 22 Entry into force and application |
