(Article 17(1) of Directive 2014/65/EU)
1. An investment firm shall annually perform a self-assessment and validation process and on the basis of that process issue a validation report. In the course of that process the investment firm shall review, evaluate and validate the following:
(a) its algorithmic trading systems, trading algorithms and algorithmic trading strategies;
(b) its governance, accountability and approval framework;
(c) its business continuity arrangement;
(d) its overall compliance with Article 17 of Directive 2014/65/EU, having regard to the nature, scale and complexity of its business.
The self-assessment shall also include at least an analysis of compliance with the criteria set out in Annex I to this Regulation.
2. The risk management function of the investment firm referred to in Article 23(2) of Commission Delegated Regulation (EU) 2017/565 [Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliam
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