(1) In this Part an over the counter contract is economically equivalent to a commodity derivative if it satisfies the criteria set out in Article 6 of Regulation (EU) 2017/591.
"position" means a net position in a commodity derivative traded on a trading venue in an EEA State and any economically equivalent over the counter contract that has been calculated in accordance with the methodology determined by Articles 3 and 4 of Regulation (EU) 2017/591;
"position limit" means a limit on the maximum size of a position which a person may hold at any time;
"significant volumes" has the meaning given by Article 5 of Regulation (EU) 2017/591; and
"trading venue" has the meaning given in regulation 2 but also includes a facility mentioned in - (a) paragraph (b) of the definition of "multilateral trading facility" in article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 [S.I. 2001/544; article 3(1) was amended by S.I. 200
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