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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 15 August 2022 - onwards
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Article 18 The overall open interest (Article 57(3)(c) of Directive 2014/65/EU)

Revoked from 15 August 2022

1. Where there is a large volume of overall open interest, competent authorities shall adjust the position limit downwards.

2. Where the open interest is significantly higher than the deliverable supply, competent authorities shall adjust the position limit downwards.

3. Where the open interest is significantly lower than the deliverable supply, competent authorities shall adjust the position limit upwards.

Comparing proposed amendment...