icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Commission Delegated Regulation (EU) 2017/591 of 1 December 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the application of position limits to commodity derivatives (RTS 21) (Assimilated Law)RecitalsChapter I General provisions (arts. -3-2)Article -3 DefinitionsArticle -2 ApplicationArticle -1 InterpretationArticle 1 Subject matterArticle 2 DefinitionsChapter II Method for calculating the size of the net position of a person (arts. 3-8)Article 3 Aggregation and netting of positions in a commodity derivative (Article 57(1) of Directive 2014/65/EU)Article 4 Method of calculating positions for legal entities within a group (Article 57(1) of Directive 2014/65/EU)Article 5 Same commodity derivatives and significant volumes (Article 57(6) of Directive 2014/65/EU)Article 6 OTC contracts economically equivalent to commodity derivatives traded on trading venues (Article 57(1) of Directive 2014/65/EU)Article 7 Positions qualifying as reducing risks directly related to commercial activities (Article 57(1) of Directive 2014/65/EU)Article 8 Application for the exemption from position limits(Article 57(1) of Directive 2014/65/EU)Chapter III Methodology for the competent authority to calculate position limits (arts. 9-22)Section 1 Determination of baseline figures (arts. 9-13)Article 9 Methodology for determining the baseline figure for spot month limits (Article 57(4) of Directive 2014/65/EU)Article 10 Deliverable supply (Article 57(3) of Directive 2014/65/EU)Article 11 Methodology for determining the baseline figure for other months' limits (Article 57(4) of Directive 2014/65/EU)Article 12 Open interest (Article 57(3) of Directive 2014/65/EU)Article 13 Methodology for determining the baseline figure in respect of certain contracts (Article 57(4) of Directive 2014/65/EU)Section II Factors relevant for the calculation of position limits (arts. 14-22)Article 14 Assessment of factors (Article 57(3) of Directive 2014/65/EU)Article 15 New and illiquid contracts (Article 57(3)(g) of Directive 2014/65/EU)Article 16 The maturity of the commodity derivatives contracts (Article 57(3)(a) of Directive 2014/65/EU)Article 17 Deliverable supply in the underlying commodity (Article 57(3)(b) of Directive 2014/65/EU)Article 18 The overall open interest (Article 57(3)(c) of Directive 2014/65/EU)Article 19 The number of market participants (Article 57(3)(e) of Directive 2014/65/EU)Article 20 Characteristics of the underlying commodity market (Article 57(3)(f) of Directive 2014/65/EU)Article 21 Volatility of the relevant markets (Article 57(3)(d)) of Directive 2014/65/EU)Article 22 Entry into force and applicationDone at
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 10th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020 - 5 July 2026
Version 2 of 3

Article 2 Definitions

For the purposes of this Regulation, the following definitions shall apply:

PreviousNext