When can the management board take measures concerning an exceeded position limit?

The management board has the authority to take measures concerning an exceeded position limit if the excess is not reduced within a timeframe determined by the board. This option emphasizes the importance of a structured approach to trading limits, ensuring that traders are aware of the boundaries set by the board and the need to rectify any exceedance within a specified period. The proactive measure is meant to maintain market stability and integrity, allowing traders a chance to adjust their positions before any interventions are made.

In contrast, immediate action by the management board upon identifying an exceedance may not consider the trader's opportunity to respond to the situation. A mandatory waiting period of 48 hours does not account for the need for timely responses in fast-moving markets. Lastly, responding to a request for evidence from the trading surveillance office may not directly relate to the management board's authority over position limits and would be outside the immediate measures they can enforce regarding exceeding those limits.