European Commission 20 April 2022, Commission Delegated Regulation (EU) 2022/1302 of 20 April 2022 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 and procedures for applying for exemption from position limits (Text with EEA relevance)

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European Union · · · Cited by 24 · 20-04-2022

CHAPTER I. GENERAL PROVISIONS
Article 1. Subject matter
Article 2. Definitions
CHAPTER II. METHOD FOR CALCULATING THE SIZE OF THE NET POSITION OF A PERSON
Article 3. Aggregation and netting of positions in a commodity derivative
Article 4. Method of calculating positions for legal entities within a group
Article 5. Significant volumes
Article 6. OTC contracts economically equivalent to commodity derivatives traded on trading venues
Article 7. Positions qualifying as reducing risks directly related to commercial activities
Article 8. Application for the exemption from position limits for positions qualifying as reducing risks directly related to commercial activities
Article 9. Application for the exemption from position limits for mandatory liquidity provision
Article 10. Positions qualifying as resulting from mandatory liquidity provision
CHAPTER III. METHODOLOGY FOR COMPETENT AUTHORITIES TO CALCULATE POSITION LIMITS
SECTION 1. Determination of baseline figures
Article 11. Methodology for determining the baseline figure for spot month limits
Article 12. Deliverable supply
Article 13. Methodology for determining the baseline figure for other months’ limits
Article 14. Open interest
Article 15. Methodology for determining the baseline figure in respect of certain commodity derivatives
SECTION 2. Factors relevant for the calculation of position limits
Article 16. Assessment of factors
Article 17. New and less liquid agricultural commodity derivatives
Article 18. Deliverable supply in the underlying commodity
Article 19. The overall open interest
Article 20. The number of market participants
Article 21. Characteristics of the underlying commodity market
Article 22. Repeal
Article 23. Entry into force and application

26.7.2022

Official Journal of the European Union

L 197/52

COMMISSION DELEGATED REGULATION (EU) 2022/1302

of 20 April 2022

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 and procedures for applying for exemption from position limits

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