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Commission Delegated Regulation (EU) 2017/584 of 14 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying organisational requirements of trading venues (Text with EEA relevance) (RTS 7)RecitalsChapter I General Organisational Requirements for Trading Venues Enabling or Allowing Algorithmic Trading Throught Their Systems (arts. 1-6)Article 1 Subject matter and scopeArticle 2 Self-assessments of compliance with Article 48 of Directive 2014/65/EUArticle 3 Governance of trading venuesArticle 4 Compliance function within the governance arrangementsArticle 5 StaffingArticle 6 Outsourcing and procurementChapter II Capacity and Resilience of Trading Venues (arts. 7-24)Article 7 Due diligence for members of trading venuesArticle 8 Testing of the trading systemsArticle 9 Conformance testingArticle 10 Testing the members' algorithms to avoid disorderly trading conditionsArticle 11 Trading venues' capacityArticle 12 General monitoring obligationsArticle 13 Ongoing monitoringArticle 14 Periodic review of the performance and capacity of the algorithmic trading systemsArticle 15 Business continuity arrangementsArticle 16 Business continuity planArticle 17 Periodic review of business continuity arrangementsArticle 18 Prevention of disorderly trading conditionsArticle 19 Mechanisms to manage volatilityArticle 20 Pre-trade and post-trade controlsArticle 21 Pre-determination of the conditions to provide direct electronic accessArticle 22 Specific requirements for trading venues permitting sponsored accessArticle 23 Security and limits to accessArticle 24 Entry into forceAnnex - Parameters to be considered in the self-assessments of the trading venues, as referred to in Article 2(1)Done at
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Version status: Applicable | Document consolidation status: No known changes
Version date: 3 January 2018 - onwards
Version 3 of 3

Article 15 Business continuity arrangements

(Article 48(1) of Directive 2014/65/EU)

1. Trading venues shall be able to demonstrate at all times that their systems have sufficient stability by having effective business continuity arrangements to address disruptive incidents.

2. The business continuity arrangements shall ensure that trading can be resumed within or close to two hours of a disruptive incident and that the maximum amount of data that may be lost from any IT service of the trading venue after a disruptive incident is close to zero.

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