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Delegated Regulation (EU) 2017/574 · superseded — not in force · OJ L 87, 31.3.2017 · dated 7 Jun 2016 [no longer in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European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":"2016-06-07","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0574 work_date_document","entry_into_force":"CELLAR 32017R0574 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifid-ii/level-2/rts/2017-574-the-level-of-accuracy-of-business-clocks","path":"/mifid-ii/level-2/rts/2017-574-the-level-of-accuracy-of-business-clocks","name":"Commission Delegated Regulation (EU) 2017/574","number":"2017/574","celex":"32017R0574","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/574 of 7 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the level of accuracy of business clocks (Text with EEA relevance)","document_date":"2016-06-07"},"position":{"kind":"annex","key":"annex","index":1,"articles":5,"annexes":1},"prev":{"path":"/mifid-ii/level-2/rts/2017-574-the-level-of-accuracy-of-business-clocks/articles/5","key":"5","title":"Article 5 — Entry into force and application"},"next":null,"act_anchor":"#annex"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/574/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifid-ii/level-2/rts/2017-574-the-level-of-accuracy-of-business-clocks.md","unit_text_sha256":"e799b8841486fd80d541260a918e1c7c758d1d0dc78f5ecc1ffbae5545837120","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifid-ii/level-2/rts/2017-574-the-level-of-accuracy-of-business-clocks/annex","kind":"annex","key":"annex","heading":"ANNEX","text":"## ANNEX\n\nANNEX\nTable 1\nLevel of accuracy for operators of trading venues\n\n<!-- lint: table-cell-ok — verbatim annex reporting-template grid from the source regulation -->\n| Gateway-to-gateway latency time of the trading system | Maximum divergence from UTC | Granularity of the timestamp |\n|---|---|---|\n| > 1 millisecond | 1 millisecond | 1 millisecond or better |\n| ≤ 1 millisecond | 100 microseconds | 1 microsecond or better |\n\nTable 2\nLevel of accuracy for members or participants of a trading venue\n\n<!-- lint: table-cell-ok — verbatim annex reporting-template grid from the source regulation -->\n| Type of trading activity | Description | Maximum divergence from UTC | Granularity of the timestamp |\n|---|---|---|---|\n| Activity using high frequency algorithmic trading technique | High frequency algorithmic trading technique. | 100 microseconds | 1 microsecond or better |\n| Activity on voice trading systems | Voice trading systems as defined in Article 5(5) of Commission Delegated Regulation (EU) 2017/583 | 1 second | 1 second or better |\n| Activity on request for quote systems where the response requires human intervention or where the system does not allow algorithmic trading | Request for quotes systems as defined in Article 5(4) of Delegated Regulation (EU) 2017/583 | 1 second | 1 second or better |\n| Activity of concluding negotiated transactions | Negotiated transaction as set out in Article 4(1)(b) of Regulation (EU) No 600/2014. | 1 second | 1 second or better |\n| Any other trading activity | All other trading activity not covered by this table. | 1 millisecond | 1 millisecond or better |\n\n","marks":[],"text_hash":"e799b8841486fd80d541260a918e1c7c758d1d0dc78f5ecc1ffbae5545837120","revision":1}}