Regulation 23 General requirements for position limits
Position limits established by the FCA under regulation 16 must be—
(a)
transparent and non-discriminatory;
(b)
specify how they apply to persons; and
(c)
take account of the nature and composition of market participants and of the use those market participants make of the contracts admitted to trading.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 51) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xviii)