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European
Legislation (EU)
EU Regulations
2017
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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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https://service.betterregulation.com/document/273589
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)
Chapter IV Investment firms acting as general clearing members (arts. 24-27)
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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
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