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Commission Delegated Regulation (EU) 2017/591 of 1 December 2016 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 (Text with EEA relevance) (revoked) in England

EU Regulation 2017/591 · Adopted 1 December 2016 · Extends to United Kingdom

Original text. legislation.gov.uk does not revise this item, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Commission Delegated Regulation (EU) 2017/591

of 1 December 2016

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

(Text with EEA relevance) (revoked)

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Annotations to the whole text

Textual amendments

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Regulation revoked (6.7.2026) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 2 para. 50(d) (with s. 2(3)); S.I. 2024/1071, reg. 9(b)(v)

Contents

  1. Chapter I: GENERAL PROVISIONS Repealed
  2. 1Subject matter Repealed
  3. 2Definitions Repealed
  4. Chapter II: METHOD FOR CALCULATING THE SIZE OF THE NET POSITION OF A PERSON Repealed
  5. 3Aggregation and netting of positions in a commodity derivative(Article 57(1) of Directive 2014/65/EU) Repealed
  6. 4Method of calculating positions for legal entities within a group(Article 57(1) of Directive 2014/65/EU) Repealed
  7. 5Same commodity derivatives and significant volumes(Article 57(6) of Directive 2014/65/EU) Repealed
  8. 6OTC contracts economically equivalent to commodity derivatives traded on trading venues(Article 57(1) of Directive 2014/65/EU) Repealed
  9. 7Positions qualifying as reducing risks directly related to commercial activities(Article 57(1) of Directive 2014/65/EU) Repealed
  10. 8Application for the exemption from position limits(Article 57(1) of Directive 2014/65/EU) Repealed
  11. Chapter III: METHODOLOGY FOR COMPETENT AUTHORITIES TO CALCULATE POSITION LIMITS Repealed
  12. Determination of baseline figures Repealed
  13. 9Methodology for determining the baseline figure for spot month limits(Article 57(4) of Directive 2014/65/EU) Repealed
  14. 10Deliverable supply(Article 57(3) of Directive 2014/65/EU) Repealed
  15. 11Methodology for determining the baseline figure for other months' limits(Article 57(4) of Directive 2014/65/EU) Repealed
  16. 12Open interest(Article 57(3) of Directive 2014/65/EU) Repealed
  17. 13Methodology for determining the baseline figure in respect of certain contracts(Article 57(4) of Directive 2014/65/EU) Repealed
  18. Factors relevant for the calculation of position limits Repealed
  19. 14Assessment of factors(Article 57(3) of Directive 2014/65/EU) Repealed
  20. 15New and illiquid contracts(Article 57(3)(g) of Directive 2014/65/EU) Repealed
  21. 16The maturity of the commodity derivatives contracts(Article 57(3)(a) of Directive 2014/65/EU) Repealed
  22. 17Deliverable supply in the underlying commodity(Article 57(3)(b) of Directive 2014/65/EU) Repealed
  23. 18The overall open interest(Article 57(3)(c) of Directive 2014/65/EU) Repealed
  24. 19The number of market participants(Article 57(3)(e) of Directive 2014/65/EU) Repealed
  25. 20Characteristics of the underlying commodity market(Article 57(3)(f) of Directive 2014/65/EU) Repealed
  26. 21Volatility of the relevant markets(Article 57(3)(d)) of Directive 2014/65/EU) Repealed
  27. 22Entry into force and application Repealed
  28. Signature

1Subject matterF1

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2DefinitionsF1

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3Aggregation and netting of positions in a commodity derivative(Article 57(1) of Directive 2014/65/EU)F1

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4Method of calculating positions for legal entities within a group(Article 57(1) of Directive 2014/65/EU)F1

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5Same commodity derivatives and significant volumes(Article 57(6) of Directive 2014/65/EU)F1

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6OTC contracts economically equivalent to commodity derivatives traded on trading venues(Article 57(1) of Directive 2014/65/EU)F1

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7Positions qualifying as reducing risks directly related to commercial activities(Article 57(1) of Directive 2014/65/EU)F1

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8Application for the exemption from position limits(Article 57(1) of Directive 2014/65/EU)F1

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9Methodology for determining the baseline figure for spot month limits(Article 57(4) of Directive 2014/65/EU)F1

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10Deliverable supply(Article 57(3) of Directive 2014/65/EU)F1

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11Methodology for determining the baseline figure for other months' limits(Article 57(4) of Directive 2014/65/EU)F1

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12Open interest(Article 57(3) of Directive 2014/65/EU)F1

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13Methodology for determining the baseline figure in respect of certain contracts(Article 57(4) of Directive 2014/65/EU)F1

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14Assessment of factors(Article 57(3) of Directive 2014/65/EU)F1

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15New and illiquid contracts(Article 57(3)(g) of Directive 2014/65/EU)F1

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16The maturity of the commodity derivatives contracts(Article 57(3)(a) of Directive 2014/65/EU)F1

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17Deliverable supply in the underlying commodity(Article 57(3)(b) of Directive 2014/65/EU)F1

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18The overall open interest(Article 57(3)(c) of Directive 2014/65/EU)F1

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19The number of market participants(Article 57(3)(e) of Directive 2014/65/EU)F1

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20Characteristics of the underlying commodity market(Article 57(3)(f) of Directive 2014/65/EU)F1

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21Volatility of the relevant markets(Article 57(3)(d)) of Directive 2014/65/EU)F1

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22Entry into force and applicationF1

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Signature

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