Article 11 | Delegated Regulation 2017/591

Article 11 - Methodology for determining the baseline figure for other months' limits (Article 57(4) 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)

1. Competent authorities shall determine a baseline figure for the other months' position limit in a commodity derivative by calculating 25 % of the open interest in that commodity derivative.

2. The baseline figure shall be specified in lots which shall be the unit of trading used by the trading venue on which the commodity derivative trades representing a standardised quantity of the underlying commodity.

CHAPTER I - GENERAL PROVISIONS (Article 1-2)

CHAPTER II - METHOD FOR CALCULATING THE SIZE OF THE NET POSITION OF A PERSON (Article 3-8)

CHAPTER III - METHODOLOGY FOR COMPETENT AUTHORITIES TO CALCULATE POSITION LIMITS (Article 9-22)

SECTION 1 - Determination of baseline figures (Article 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 (Article 14-22)

Metadata

Related documents

Article 11 - Methodology for determining the baseline figure for other months' limits (Article 57(4) of Directive 2014/65/EU)

Table of contents