# Article 16 — The maturity of the commodity derivatives contracts (Article 57(3)(a) of Directive 2014/65/EU) **Commission Delegated Regulation (EU) 2017/591 · superseded — not in force · OJ L 87, 31.3.2017 · dated 1 Dec 2016 [no longer in force]** *No longer in force · Commission Delegated Regulation (EU) 2017/591, OJ L 87, 31.3.2017 · Checked against EUR-Lex on 26 Oct 2026 · [Official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. For spot month position limits, if the commodity derivative has a short maturity, competent authorities shall adjust the position limit downwards. 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.