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
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