PART 3Position limits and position management controls in commodity derivatives
Effect of position limits established by the FCA or other competent authorities in the EEA26.
(1)
A person must not hold a position which is in excess of a position limit established under regulation 16, regardless as to whether the person is in the United Kingdom or not.
(2)
A person situated or operating in the United Kingdom must not hold a position which is in excess of an EEA position limit.