CHAPTER IIIU.K.METHODOLOGY FOR COMPETENT AUTHORITIES TO CALCULATE POSITION LIMITS
SECTION 1U.K.Determination of baseline figures
Article 12U.K.Open interest(Article 57(3) of Directive 2014/65/EU)
Competent authorities shall calculate the open interest in a commodity derivative by aggregating the number of lots of that commodity derivative that are outstanding on trading venues at a point in time.