<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2017/591 — RTS — Application of position limits to commodity derivatives [no longer in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/12","url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/12","title":"Article 12 — Open interest (Article 57(3) of Directive 2014/65/EU)","family":"l2_unit_view","work_id":"spaces/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives","view_of":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives","status":"repealed","force_status":"no_longer_in_force","date_state":"no_longer_in_force","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Commission Delegated Regulation (EU) 2017/591, OJ L 87, 31.3.2017","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/591/oj/eng","valid_from":"0001-01-01","valid_until":"2022-08-15","content_id":"b1f4e1e6a8ad895c","versions":["0001-01-01"],"version_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/12/versions/2026-10-26","revision_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/12/versions/2026-10-26/rev/b1f4e1e6a8ad895c","versions_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/12/versions","relations_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/12/relations","act_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives#art-12","source_line":"Commission Delegated Regulation (EU) 2017/591 · superseded — not in force · OJ L 87, 31.3.2017 · dated 1 Dec 2016 [no longer in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2016-12-01","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0591 work_date_document","entry_into_force":"CELLAR 32017R0591 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives","path":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives","name":"Commission Delegated Regulation (EU) 2017/591","number":"2017/591","celex":"32017R0591","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/591 of 1 December 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the application of position limits to commodity derivatives (Text with EEA relevance)","document_date":"2016-12-01"},"position":{"kind":"article","key":"12","index":12,"articles":22,"annexes":0},"prev":{"path":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/11","key":"11","title":"Article 11 — Methodology for determining the baseline figure for other months' limits (Article 57(4) of Directive 2014/65/EU)"},"next":{"path":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/13","key":"13","title":"Article 13 — Methodology for determining the baseline figure in respect of certain contracts (Article 57(4) of Directive 2014/65/EU)"},"act_anchor":"#art-12"}}} -->
# Article 12 — Open interest (Article 57(3) 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)*

Competent authorities shall calculate the open interest in a commodity derivative by aggregating the number of lots of that commodity derivative that are outstanding on trading venues at a point in time.
