In order to get close to the market and improve the rules, Dalian Commodity Exchange (DCE) has made some amendments to relevant rules on position limit management of the DCE Risk Management Measures, after approved by the DCE Council and reporting to the China Securities Regulatory Commission (CSRC). The major amendments include: when the single-sided position of contracts of all varieties reaches a certain amount, the position limit amount will be made in accordance with the single-sided position proportion of members of futures company; when the single-sided position of contracts of all varieties is less than or equal to a certain amount, the position of members of futures company will not be limited; and futures company’s member that exceeds the position limit will not be forced to cover its position.
The amendments to rules are hereby promulgated, and the modified rules shall come into effect as of the settlement time on August 5, 2013.