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# Article 18 — The overall open interest (Article 57(3)(c) 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**Commission Delegated Regulation (EU) 2017/591 · superseded — not in force · OJ L 87, 31.3.2017 · dated 1 Dec 2016 [no longer in force]**

*No longer in force · Commission Delegated Regulation (EU) 2017/591, OJ L 87, 31.3.2017 · Checked against EUR-Lex on 26 Oct 2026 · [Official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-18-p-1"></a>Where there is a large volume of overall open interest, competent authorities shall adjust the position limit downwards.
2. <a id="art-18-p-2"></a>Where the open interest is significantly higher than the deliverable supply, competent authorities shall adjust the position limit downwards.
3. <a id="art-18-p-3"></a>Where the open interest is significantly lower than the deliverable supply, competent authorities shall adjust the position limit upwards.
