1. For the purpose of the weekly reports referred to in paragraph 7BB of the Schedule to the Recognition Requirement Regulations [Paragraph 7BB was inserted by S.I. 2017/701.] and rule 10.4.3 of the Market Conduct sourcebook, the obligation for a trading venue to make public such a report shall apply when both of the following two thresholds are met:

(a) 20 open position holders exist in a given contract on a given trading venue; and

(b) the absolute amount of the gross long or short volume of total open interest, expressed in the number of lots of the relevant commodity derivative, exceeds a level of four times the deliverable supply in the same commodity derivative, expressed in number of lots.

Where the commodity derivative does not have a physically deliverable underlying asset and for emission allowances and derivatives thereof, point (b) shall not apply.

2. The threshold set out in point (a) of paragraph 1 shall apply in aggregate on the basis of all of the categories of persons regardless of the numbers of position holders in any single category of persons.

3. For contracts where there are less than five position holders active in a given category of persons, the number of position holders in that category shall not be published.