How should various underlyings falling under the C(10) category be treated for the purpose of ancillary activity calculations?
Answer 11
The various commodity derivative underlyings within the scope of the C(10) category shall be treated consistently across all provisions concerning commodity derivatives in the MiFID II/MiFIR framework. Therefore, all those commodity derivative contracts with underlyings that are subject to the position limit regime as specified in Position Limits. should also be counting towards the ancillary activity test calculations. Other contracts within the C(10) scope should not be counted.