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In this act Article 16 of 22
No longer in force since 15 August 2022Below: the last text in force, valid until 15 August 2022. It is not current law.

Article 16 — The maturity of the commodity derivatives contracts (Article 57(3)(a) of Directive 2014/65/EU)

Financial servicesLevel 2RTSMiFID IINo longer in forceOfficial source

16(1)

1.For spot month position limits, if the commodity derivative has a short maturity, competent authorities shall adjust the position limit downwards.

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16(2)

2.For other months' position limits, where the commodity derivative has a large number of separate expiries, competent authorities shall adjust the position limit upwards.

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