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🔗 Back to Summary. 🇫🇷 French Version: 2017R0589_FR.11. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 10 – Stress testing ⬅️ | ➡️ Article 12 – Kill functionality
Références LVL1 <=> LVL2
Level 1 reference(s): 2014L0065_EN.17 > 1
Article 11 - Management of material changes
1.
An investment firm shall ensure that any proposed material change to the production environment related to algorithmic trading is preceded by a review of that change by a person designated by senior management of the investment firm. The depth of the review shall be proportionate to the magnitude of the proposed change.
2.
An investment firm shall establish procedures to ensure that any change to the functionality of its systems is communicated to traders in charge of the trading algorithm and to the compliance function and the risk management function.