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  1. Point in time
    2024-12-18

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

  1. (1)

    For spot month position limits, if the commodity derivative has a short maturity, the competent authority shall adjust the position limit downwards.

  2. (2)

    For other months' position limits, where the commodity derivative has a large number of separate expiries, competent authority shall adjust the position limit upwards.