Database on German and European Economic Law

 Regulation (EU) No 2017/589

I. Description

Systems and risk controls used by an investment firm engaged in algorithmic trading, providing direct electronic access or acting as general clearing members, should be efficient, resilient and have adequate capacity, having regard to the nature, scale and complexity of the business model of that investment firm.

To that end, an investment firm should address all risks that may affect the core elements of an algorithmic trading system, including risks related to the hardware, software and associated communication lines used by that firm to perform its trading activities.

II. General Information

Title

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

Status
Existing
Regulation
(EU) No 2017/589
Source
O.J. EU No L (Legislation), Edition 87, Year 2017, p.417
Adoption
07/19/2016
Promulgation
03/31/2017
Character
Lamfalussy Implementing Act
Framework Act
  Richtlinie 2014/65/EU

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
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

  (EU) No 2017/589

Beschluss:
07/19/2016 (A)
Verkuendung:
03/31/2017 (P)
(A) Adoption | (P) Promulgation

Legend

Legislative Act Status

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions