Database on German and European Economic Law

 Regulation (EU) No 2017/591

I. Description

In order to ensure a harmonised approach to applying position limits to commodity derivatives in the Union, a methodology should be specified for calculating those limits. The methodology should prevent regulatory arbitrage and promote consistency whilst providing competent authorities with sufficient flexibility to take into account the variations among different commodity derivatives markets and the markets in the underlying commodities. The methodology for calculating the limits should allow competent authorities to balance the objectives of setting limits at a level sufficiently low to prevent persons holding positions in those commodity derivatives from abusing or distorting the market against the objectives of supporting orderly pricing and settlement arrangements, developing new commodity derivatives and enabling commodity derivatives to continue to support the functioning of commercial activities in the underlying commodity market.

II. General Information

Title

Commission Delegated Regulation (EU) 2017/591 of 1 December 2016 supplementing Directive   2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the application of position limits to commodity derivatives

Status
Existing
Regulation
(EU) No 2017/591
Source
O.J. EU No L (Legislation), Edition 87, Year 2017, p.479
Adoption
12/01/2017
Promulgation
03/31/2017
Character
Lamfalussy Implementing Act
Framework Act
  Richtlinie 2014/65/EU

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Commission Delegated Regulation (EU) 2017/591 of 1 December 2016 supplementing Directive   2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the application of position limits to commodity derivatives

  (EU) No 2017/591

Beschluss:
12/01/2017 (A)
Verkuendung:
03/31/2017 (P)
(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions