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🔗 Back to Summary. 🇫🇷 French Version: 2022R1302_FR.16. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 15 – Methodology for determining the baseline figure in respect of certain commodity derivatives ⬅️ | ➡️ Article 17 – New and less liquid agricultural commodity derivatives
Article 16 - Assessment of factors
Competent authorities shall set the spot month and other months’ position limits for an agricultural commodity derivative or a critical or significant commodity derivative by taking the baseline figure determined in accordance with Articles 11, 13 and 15 and adjusting it according to the potential impact of the factors referred to in Articles 18 to 21 on the integrity of the market for that derivative and for its underlying commodity to either of the following limits:
(a)
between 5 % and 35 %;
(b)
between 2,5 % and 35 %, for any derivative contract with an underlying that qualifies as food intended for human consumption with a total combined open interest in spot month and other months’ contracts exceeding 50 000 lots over a consecutive 3-month period.