<!-- 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— RTS — Application of position limits to commodity derivatives [no longer in force] L2"],"not_covered":["national guidance","court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/17","url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/17","title":"Article 17 — Deliverable supply in the underlying commodity (Article 57(3)(b) 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repealed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":"050db576f6ff7a04","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/17/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/17/versions/2026-10-26/rev/050db576f6ff7a04","versions_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/17/versions","relations_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/17/relations","act_url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives#art-17","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":"17","index":17,"articles":22,"annexes":0},"prev":{"path":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/16","key":"16","title":"Article 16 — The maturity of the commodity derivatives contracts (Article 57(3)(a) of Directive 2014/65/EU)"},"next":{"path":"/mifid-ii/level-2/rts/2017-591-the-application-of-position-limits-to-commodity-derivatives/articles/18","key":"18","title":"Article 18 — The overall open interest (Article 57(3)(c) of Directive 2014/65/EU)"},"act_anchor":"#art-17"}}} -->
# Article 17 — Deliverable supply in the underlying commodity (Article 57(3)(b) 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)*

Where the deliverable supply in the underlying commodity can be restricted or controlled or if the level of deliverable supply is low relative to the amount required for orderly settlement competent authorities shall adjust the position limit downwards. Competent authorities shall assess the extent to which this deliverable supply is used also as the deliverable supply for other commodity derivatives.
