Regulatory Alerts2022-04-20
Added · Updated
Commission Delegated Regulation (EU) 2022/1302 on position limits for commodity derivatives
The European Commission establishes regulatory technical standards for calculating position limits on commodity derivatives and procedures for exemption applications under Directive 2014/65/EU. The regulation defines netting rules, group-level aggregation, and criteria for economically equivalent OTC contracts, while setting baseline limits at 25% of deliverable supply or open interest, adjustable between 5% and 35%. It mandates specific thresholds, such as a 300,000-lot open interest for critical derivatives and a 10,000-lot fixed limit for immature agricultural contracts, applying to financial and non-financial entities.
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