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

**Commission Delegated Regulation (EU) 2017/591 · superseded — not in force · OJ L 87, 31.3.2017 · dated 1 Dec 2016 [no longer in force]**

*No longer in force · Commission Delegated Regulation (EU) 2017/591, OJ L 87, 31.3.2017 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2017/591/oj/eng)*

1. <a id="art-11-p-1"></a>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. <a id="art-11-p-2"></a>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.
