2026-02-08
Added · Updated
This Regulation establishes regulatory technical standards for calculating net positions in commodity derivatives and applying position limits to financial and non-financial entities. It defines aggregation and netting rules, sets a significant volume threshold of 20,000 lots for agricultural derivatives, and mandates that baseline spot month limits be calculated as 25% of deliverable supply or open interest. The text also details procedures for applying for exemptions from position limits for risk-reducing positions and mandatory liquidity provision, requiring competent authorities to approve or reject applications within 21 calendar days.