2017R0589 - Summary
COMMISSION DELEGATED REGULATION (EU) 2017/589 of 19 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the organisational requirements of investment firms engaged in algorithmic trading (Text with EEA relevance)
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🇫🇷 French Version: 2017R0589_FR.0. Open the PDF. Direct link to EUR-LEX.
Article 1 - General organisational requirements
Article 2 - Role of the compliance function
Article 3 - Staffing
Article 4 - IT outsourcing and procurement
Article 5 - General methodology
Article 6 - Conformance testing
Article 7 - Testing environments
Article 8 - Controlled deployment of algorithms
Article 9 - Annual self-assessment and validation
Article 10 - Stress testing
Article 11 - Management of material changes
Article 12 - Kill functionality
Article 13 - Automated surveillance system to detect market manipulation
Article 14 - Business continuity arrangements
Article 15 - Pre-trade controls on order entry
Article 16 - Real-time monitoring
Article 17 - Post-trade controls
Article 18 - Security and limits to access
Article 19 - General provisions for DEA
Article 20 - Controls of DEA providers
Article 21 - Specifications for the systems of DEA providers
Article 22 - Due diligence assessment of prospective DEA clients
Article 23 - Periodic review of DEA clients
Article 24 - Systems and controls of investment firms acting as general clearing members
Article 25 - Due diligence assessments of prospective clearing clients
Article 26 - Position limits
Article 27 - Disclosure of information about the services provided
Article 28 - Content and format of order records
Article 29 - Entry into force and application
Annex I - Criteria to be considered in the investment firm’s self-assessment as referred to in Article 9(1)
Annex II - Content and format of order records as referred to in Article 28