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Version status: Applicable | Document consolidation status: No known changes
Published date: 31 March 2017

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) (RTS 6)

Comparing proposed amendment...
Recitals
Chapter I General organisational requirements (arts. 1-4)
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Article 1 General organisational requirements
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Article 2 Role of the compliance function
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Article 3 Staffing
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Article 4 IT outsourcing and procurement
Chapter II Resilience of trading systems (arts. 5-18)
Section I Testing and deployment of trading algorithms systems and strategies (arts. 5-8)
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Article 5 General methodology
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Article 6 Conformance testing
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Article 7 Testing environments
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Article 8 Controlled deployment of algorithms
Section 2 Post-deployment management (arts. 9-11)
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Article 9 Annual self-assessment and validation
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Article 10 Stress testing
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Article 11 Management of material changes
Section 3 Means to ensure resilience (arts. 12-18)
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Article 12 Kill functionality
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Article 13 Automated surveillance system to detect market manipulation
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Article 14 Business continuity arrangements
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Article 15 Pre-trade controls on order entry
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Article 16 Real-time monitoring
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Article 17 Post-trade controls
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Article 18 Security and limits to access
Chapter III Direct electronic access (arts. 19-23)
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Article 19 General provisions for DEA
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Article 20 Controls of DEA providers
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Article 21 Specifications for the systems of DEA providers
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Article 22 Due diligence assessment of prospective DEA clients
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Article 23 Periodic review of DEA clients
Chapter IV Investment firms acting as general clearing members (arts. 24-27)
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Article 24 Systems and controls of investment firms acting as general clearing members
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Article 25 Due diligence assessments of prospective clearing clients
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Article 26 Position limits
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Article 27 Disclosure of information about the services provided
Chapter V High-frequency algorithmic trading technique and final provisions (arts. 28-29)
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Article 28 Content and format of order records
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Article 29 Entry into force and application
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Annex I Criteria to be considered in the investment firm's self-assessment as referred to in Article 9(1)
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Annex II Content and format of order records as referred to in Article 28
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