# The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017, 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.

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Source: https://www.legislation.gov.uk/uksi/2017/701/regulation/23 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-markets-in-financial-instruments-regulations-2017/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.