Article 58 › 4

Persons holding positions in a commodity derivative or emission allowance or derivative thereof shall be classified by the investment firm or market operator operating that trading venue according to the nature of their main business, taking account of any applicable authorisation, as either: (a) investment firms or credit institutions; (b) investment funds, either an undertaking for collective investments in transferable securities (UCITS) as defined in Directive 2009/65/EC, or an alternative investment fund manager as defined in Directive 2011/61/EC; (c) other financial institutions, including insurance undertakings and reinsurance undertakings as defined in Directive 2009/138/EC, and institutions for occupational retirement provision as defined in Directive 2003/41/EC; (d) commercial undertakings; (e) in the case of emission allowances or derivatives thereof, operators with compliance obligations under Directive 2003/87/EC. The reports referred to in point (a) of paragraph 1 shall specify the number of long and short positions by category of persons, any changes thereto since the previous report, percent of total open interest represented by each category, and the number of persons in each category. The reports referred to in point (a) of paragraph 1 and the breakdowns referred to in paragraph 2 shall differentiate between: (a) positions identified as positions which in an objectively measurable way reduce risks directly relating to commercial activities; and (b) other positions.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04