What changes on 15/08/2022

The text in force from 18/03/2016 compared with the text from 15/08/2022.

Read the act as of 15/08/2022 · other versions: 08/02/2026

Chapter I

• inserted Article 1 - Subject matter
• inserted Article 2 - Definitions

Chapter II

• inserted Article 3 - Aggregation and netting of positions in a commodity derivative
• inserted Article 4 - Method of calculating positions for legal entities within a group
• inserted Article 5 - Significant volumes
• inserted Article 6 - OTC contracts economically equivalent to commodity derivatives traded on trading venues
• inserted Article 7 - Positions qualifying as reducing risks directly related to commercial activities
• inserted Article 8 - Application for the exemption from position limits for positions qualifying as reducing risks directly related to commercial activities
• inserted Article 9 - Application for the exemption from position limits for mandatory liquidity provision
• inserted Article 10 - Positions qualifying as resulting from mandatory liquidity provision

Chapter III › Section 1

• inserted Article 11 - Methodology for determining the baseline figure for spot month limits
• inserted Article 12 - Deliverable supply
• inserted Article 13 - Methodology for determining the baseline figure for other months’ limits
• inserted Article 14 - Open interest
• inserted Article 15 - Methodology for determining the baseline figure in respect of certain commodity derivatives

Chapter III › Section 2

• inserted Article 16 - Assessment of factors
• inserted Article 17 - New and less liquid agricultural commodity derivatives
• inserted Article 18 - Deliverable supply in the underlying commodity
• inserted Article 19 - The overall open interest
• inserted Article 20 - The number of market participants
• inserted Article 21 - Characteristics of the underlying commodity market
• inserted Article 22 - Repeal
• inserted Article 23 - Entry into force and application

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Recital 17
• inserted Recital 18
• inserted Recital 19
• inserted Recital 20
• inserted Recital 21
• inserted Recital 22
• inserted Recital 23
• inserted Recital 24
• inserted Recital 25
• inserted Recital 26
• inserted Recital 27
• inserted Recital 28
• inserted Recital 29
• inserted Recital 30
• inserted Recital 31
• inserted Preamble
• inserted Annex 1