What changes on 20/04/2017

The text in force from 12/06/2005 compared with the text from 20/04/2017.

Read the act as of 20/04/2017 · other versions:

Chapter I

• inserted Article 1 - Subject matter and scope (Article 48 of Directive 2014/65/EU)
• inserted Article 2 - Self-assessments of compliance with Article 48 of Directive 2014/65/EU (Article 48 of Directive 2014/65/EU)
• inserted Article 3 - Governance of trading venues (Article 48(1) of Directive 2014/65/EU)
• inserted Article 4 - Compliance function within the governance arrangements (Article 48(1) of Directive 2014/65/EU)
• inserted Article 5 - Staffing (Article 48(1) of Directive 2014/65/EU)
• inserted Article 6 - Outsourcing and procurement (Article 48(1) of Directive 2014/65/EU)

Chapter II

• inserted Article 7 - Due diligence for members of trading venues (Article 48(1) of Directive 2014/65/EU)
• inserted Article 8 - Testing of the trading systems (Article 48(1) of Directive 2014/65/EU)
• inserted Article 9 - Conformance testing (Article 48(6) of Directive 2014/65/EU)
• inserted Article 10 - Testing the members' algorithms to avoid disorderly trading conditions (Article 48(6) of Directive 2014/65/EU)
• inserted Article 11 - Trading venues' capacity (Article 48(1) of Directive 2014/65/EU)
• inserted Article 12 - General monitoring obligations (Article 48(1) of Directive 2014/65/EU)
• inserted Article 13 - Ongoing monitoring (Article 48(1) of Directive 2014/65/EU)
• inserted Article 14 - Periodic review of the performance and capacity of the algorithmic trading systems (Article 48(1) of Directive 2014/65/EU)
• inserted Article 15 - Business continuity arrangements (Article 48(1) of Directive 2014/65/EU)
• inserted Article 16 - Business continuity plan (Article 48(1) of Directive 2014/65/EU)
• inserted Article 17 - Periodic review of business continuity arrangements (Article 48(1) of Directive 2014/65/EU)
• inserted Article 18 - Prevention of disorderly trading conditions (Article 48(4), (5) and (6) of Directive 2014/65/EU)
• inserted Article 19 - Mechanisms to manage volatility (Article 48(5) of Directive 2014/65/EU)
• inserted Article 20 - Pre-trade and post-trade controls (Article 48(4) and (6) of Directive 2014/65/EU)
• inserted Article 21 - Pre-determination of the conditions to provide direct electronic access (Article 48(7) of Directive 2014/65/EU)
• inserted Article 22 - Specific requirements for trading venues permitting sponsored access (Article 48(7) of Directive 2014/65/EU)
• inserted Article 23 - Security and limits to access (Article 48(1) of Directive 2014/65/EU)
• inserted Article 24 - Entry into force

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Recital 17
• inserted Recital 18
• inserted Recital 19
• inserted Recital 20
• inserted Preamble
• inserted Annex 1