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19.—(1) The FCA must, unless regulation 25 applies, establish position limits under regulation 16 in accordance with the ESMA methodology.
(2) The FCA must review a position limit it has established under regulation 16 where there is—
(a)a significant change in deliverable supply or open interest; or
(b)any other significant change on the market, based on the FCA’s determination of deliverable supply or open interest.
(3) Where following a review the FCA believes that the position limit should be reset it must establish a new position limit under regulation 16.