(Article 17(1) of Directive 2014/65/EU)
1. An investment firm shall employ a sufficient number of staff with the necessary skills to manage its algorithmic trading systems and trading algorithms and with sufficient technical knowledge of:
(a) the relevant trading systems and algorithms;
(b) the monitoring and testing of such systems and algorithms;
(c) the trading strategies that the investment firm deploys through its algorithmic trading systems and trading algorithms;
(d) the investment firm's legal obligations
2. An investment firm shall specify the necessary skills referred to in paragraph 1. The staff referred to in paragraph 1 shall have those necessary skills at the time of recruitment or shall acquire them through training after recruitment. The investment firm shall ensure that those staff's skills remain up-to-date through continuous training and shall evaluate their skills on a regular basis.
3. The staff training referred to in paragraph 2 shall be tailored to the experien
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