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)

	Recitals
	Chapter I General organisational requirements (arts. 1-4)
	Article 1 General organisational requirements
	Article 2 Role of the compliance function
	Article 3 Staffing
	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)
	Article 5 General methodology
	Article 6 Conformance testing
	Article 7 Testing environments
	Article 8 Controlled deployment of algorithms
	Section 2 Post-deployment management (arts. 9-11)
	Article 9 Annual self-assessment and validation
	Article 10 Stress testing
	Article 11 Management of material changes
	Section 3 Means to ensure resilience (arts. 12-18)
	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
	Chapter III Direct electronic access (arts. 19-23)
	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
	Chapter IV Investment firms acting as general clearing members (arts. 24-27)
	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
	Chapter V High-frequency algorithmic trading technique and final provisions (arts. 28-29)
	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
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