{
  "url": "https://openlegislation.uk/eu-regulation-2017-589/article-26",
  "json_url": "https://openlegislation.uk/eu-regulation-2017-589/article-26.json",
  "legislation": "eur/2017/589",
  "legislation_title": "Commission Delegated Regulation (EU) 2017/589 of 19 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the organisational requirements of investment firms engaged in algorithmic trading (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2017-589",
  "path": "article/26",
  "kind": "article",
  "number": "26",
  "heading": "Position limits(Article 17(6) of Directive 2014/65/EU)",
  "text": "1. A clearing firm shall set out and communicate to its clearing clients appropriate trading and position limits to mitigate and manage its own counterparty, liquidity, operational and other risks.\n2. A clearing firm shall monitor its clearing clients' positions against the limits referred to in paragraph 1 as close to real-time as possible and have appropriate pre-trade and post-trade procedures for managing the risk of breaches of the position limits, by way of appropriate margining practice and other appropriate means.\n3. A clearing firm shall document in writing the procedures referred to in paragraph 2 and record whether the clearing clients comply with those procedures.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2017/589/article/26",
    "retrieved_at": "2026-11-01T14:45:04.882781+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}