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In this act Article 18 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No longer in force since 15 August 2022Below: the last text in force, valid until 15 August 2022.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 18 — The overall open interest (Article 57(3)(c) of Directive 2014/65/EU)

Financial servicesLevel 2RTSMiFID IINo longer in forceOfficial source

18(1)

1.Where there is a large volume of overall open interest, competent authorities shall adjust the position limit downwards.

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18(2)

2.Where the open interest is significantly higher than the deliverable supply, competent authorities shall adjust the position limit downwards.

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18(3)

3.Where the open interest is significantly lower than the deliverable supply, competent authorities shall adjust the position limit upwards.

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