51. Position limit

The Authority may issue a direction to a person, or its agent, who holds or controls net long or net short positions in excess of the position limit set under section 29 or 41 of the Act, to trade under conditions and restrictions specified in that direction in order to ensure compliance with the position limit; and may, in particular, require the person or agent to do one or more of the following:

cease any further increase in his positions;

liquidate his position in order to comply with the position limit within the time specified in the direction;

be subject to higher margin requirements in respect of his positions.