{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2017/589 — RTS — Investment firms engaged in algorithmic trading [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":"/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged/articles/17","url":"https://www.headlesslaw.com/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged/articles/17","title":"Article 17 — Post-trade controls (Article 17(1) of Directive 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Delegated Regulation (EU) 2017/589 · binding · OJ L 87, 31.3.2017 · dated 19 Jul 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":"2016-07-19","entry_into_force":"2017-04-20","locators":{"document_date":"CELLAR 32017R0589 work_date_document","entry_into_force":"CELLAR 32017R0589 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged","path":"/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged","name":"Commission Delegated Regulation (EU) 2017/589","number":"2017/589","celex":"32017R0589","title_official":"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 (Text with EEA relevance)","document_date":"2016-07-19"},"position":{"kind":"article","key":"17","index":17,"articles":29,"annexes":2},"prev":{"path":"/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged/articles/16","key":"16","title":"Article 16 — Real-time monitoring (Article 17(1) of Directive 2014/65/EU)"},"next":{"path":"/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged/articles/18","key":"18","title":"Article 18 — Security and limits to access (Article 17(1) of Directive 2014/65/EU)"},"act_anchor":"#art-17"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/589/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifid-ii/level-2/rts/2017-589-the-organisational-requirements-of-investment-firms-engaged.md","unit_text_sha256":"f9ee83658e6bcefdf4974682919da9203911bc4b438d3bf77a172880adfae978","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/2017-589-the-organisational-requirements-of-investment-firms-engaged/art-17","kind":"article","key":"17","heading":"Article 17 — Post-trade controls (Article 17(1) of Directive 2014/65/EU)","text":"## Article 17 — Post-trade controls (Article 17(1) of Directive 2014/65/EU)\n\n1. An investment firm shall continuously operate the post-trade controls that it has in place. Where a post-trade control is triggered, the investment firm shall undertake appropriate action, which may include adjusting or shutting down the relevant trading algorithm or trading system or an orderly withdrawal from the market.\n1. Post-trade controls referred to in paragraph 1 shall include the continuous assessment and monitoring of market and credit risk of the investment firm in terms of effective exposure.\n1. An investment firm shall keep records of trade and account information, which are complete, accurate and consistent. The investment firm shall reconcile its own electronic trading logs with information about its outstanding orders and risk exposures as provided by the trading venues to which it sends orders, by its brokers or DEA providers, by its clearing members or central counterparties and by its data providers or other relevant business partners. Reconciliation shall be made in real-time where the aforementioned market participants provide the information in real-time. An investment firm shall have the capability to calculate in real time its outstanding exposure and that of its traders and clients.\n1. For derivatives, the post-trade controls referred to in paragraph 1 shall include controls regarding the maximum long and short and overall strategy positions, with trading limits to be set in units that are appropriate to the types of financial instruments involved.\n1. Post-trade monitoring shall be undertaken by the traders responsible for the algorithm and the risk control function of the investment firm.\n\n","marks":[],"text_hash":"f9ee83658e6bcefdf4974682919da9203911bc4b438d3bf77a172880adfae978","revision":1}}