Article 18 The overall open interest(Article 57(3)(c) of Directive 2014/65/EU)
- (1)
Where there is a large volume of overall open interest, the competent authority shall adjust the position limit downwards.
- (2)
Where the open interest is significantly higher than the deliverable supply, the competent authority shall adjust the position limit downwards.
- (3)
Where the open interest is significantly lower than the deliverable supply, the competent authority shall adjust the position limit upwards.