Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2022 - onwards
  Version 3 of 3    

Regulation 81 Position limits and position management in commodity derivatives positions

(1) The Bank shall, in line with the calculation methodology determined by ESMA in the regulatory technical standards adopted in accordance with Article 57(3) of the Directive, set and apply limits on the size of a net position which a person can hold at all times in agricultural commodity derivatives and critical or significant commodity derivatives that are traded on trading venues, and in economically equivalent OTC contracts.

(2) Commodity derivatives shall be considered to be critical or significant where the sum of all net positions of end position holders constitutes the size of their open interest and is at a minimum of 300,000 lots on average over a one-year period.

(3) Position limits shall be set on the basis of all positions held either by a person or on the person's behalf at aggregate group level in order to -

(a) prevent market abuse, or

(b) support orderly pricing and settlement conditions, including preventing market distorting positions and ensuring, in particular, co

Comparing proposed amendment...