The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

PART 3 U.K. Position limits and position management controls in commodity derivatives

General requirements for position limits U.K.

23.  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.