Date-stamp loading
Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020
  Version 2 of 2    

Article 15 New and illiquid contracts (Article 57(3)(g) of Directive 2014/65/EU)

1. By way of derogation to Article 14,

(a) for commodity derivatives traded on a trading venue with a total combined open interest in spot and other months' contracts not exceeding 10 000 lots over a consecutive three month period, the competent authority shall set the limit of positions held in those commodity derivatives at 2 500 lots;

(b) for commodity derivatives traded on a trading venue with a total combined open interest in spot and other months' contracts in excess of 10 000 but not exceeding 20 000 lots over a consecutive three month period, the competent authority shall set the spot and other months' position limit between 5 % and 40 %;

(c) for commodity derivatives as defined in Article 2(1)(24) of Regulation 600/2014/EU with a total number of securities in issue not exceeding 10 million over a consecutive three month period, the competent authority shall set the limit of positions held in those commodity derivatives at 2,5 million securities;

(d) for commodity derivatives a

Comparing proposed amendment...