<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2016/957 — RTS — STOR arrangements [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mar/level-2/rts/2016-957-stor-arrangements/articles/4","url":"https://www.headlesslaw.com/mar/level-2/rts/2016-957-stor-arrangements/articles/4","title":"Article 4 — Training","family":"l2_unit_view","work_id":"spaces/mar/level-2/rts/2016-957-stor-arrangements","view_of":"/mar/level-2/rts/2016-957-stor-arrangements","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Commission Delegated Regulation (EU) 2016/957, OJ L 160, 17.6.2016","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg_del/2016/957/oj/eng","valid_from":"2016-06-18","valid_until":null,"content_id":"8fe35ab8a50b76be","versions":["2016-06-18"],"version_url":"https://www.headlesslaw.com/mar/level-2/rts/2016-957-stor-arrangements/articles/4/versions/2026-10-26","revision_url":"https://www.headlesslaw.com/mar/level-2/rts/2016-957-stor-arrangements/articles/4/versions/2026-10-26/rev/8fe35ab8a50b76be","versions_url":"https://www.headlesslaw.com/mar/level-2/rts/2016-957-stor-arrangements/articles/4/versions","relations_url":"https://www.headlesslaw.com/mar/level-2/rts/2016-957-stor-arrangements/articles/4/relations","act_url":"https://www.headlesslaw.com/mar/level-2/rts/2016-957-stor-arrangements#art-4","source_line":"Commission Delegated Regulation (EU) 2016/957 · binding · OJ L 160, 17.6.2016 · dated 9 Mar 2016 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2016-03-09","entry_into_force":"2016-06-18","locators":{"document_date":"CELLAR 32016R0957 work_date_document","entry_into_force":"CELLAR 32016R0957 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mar/level-2/rts/2016-957-stor-arrangements","path":"/mar/level-2/rts/2016-957-stor-arrangements","name":"Commission Delegated Regulation (EU) 2016/957","number":"2016/957","celex":"32016R0957","title_official":"COMMISSION DELEGATED REGULATION (EU) 2016/957 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the appropriate arrangements, systems and procedures as well as notification templates to be used for preventing, detecting and reporting abusive practices or suspicious orders or transactions (Text with EEA relevance)","document_date":"2016-03-09"},"position":{"kind":"article","key":"4","index":4,"articles":9,"annexes":1},"prev":{"path":"/mar/level-2/rts/2016-957-stor-arrangements/articles/3","key":"3","title":"Article 3 — Prevention, monitoring and detection"},"next":{"path":"/mar/level-2/rts/2016-957-stor-arrangements/articles/5","key":"5","title":"Article 5 — Reporting obligations"},"act_anchor":"#art-4"}}} -->
# Article 4 — Training

**Commission Delegated Regulation (EU) 2016/957 · binding · OJ L 160, 17.6.2016 · dated 9 Mar 2016 [in force]**

*In force · Commission Delegated Regulation (EU) 2016/957, OJ L 160, 17.6.2016 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2016/957/oj/eng)*

1. <a id="art-4-p-1"></a>Persons professionally arranging or executing transactions and market operators and investment firms operating a trading venue shall organise and provide effective and comprehensive training to the staff involved in the monitoring, detection and identification of orders and transactions that could constitute insider dealing, market manipulation or attempted insider dealing or market manipulation, including the staff involved in the processing of orders and transactions. Such training shall take place on a regular basis and shall be appropriate and proportionate in relation to the scale, size and nature of the business.
2. <a id="art-4-p-2"></a>Market operators and investment firms operating a trading venue shall in addition provide the training referred to in paragraph 1 to staff involved in the prevention of insider dealing, market manipulation or attempted insider dealing or market manipulation.
