Retained EU Law SI 2017/571 United Kingdom

Commission Delegated Regulation (EU) 2017/571 of 2 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards on the authorisation, organisational requirements and the publication of transactions for data reporting services providers (Text with EEA relevance)

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person9 Applicant2

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Applicant — also bound by 307 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art001 Information to competent authorities Regulated
  • Submit required information to the competent authority and notify of material changesApplicant
s.art002 Information on the organisation Regulated
  • Include a detailed programme of operations in your data reporting services authorisation applicationApplicant
s.art005 Conflicts of interest Regulated
  • Maintain effective arrangements to prevent conflicts of interestAny Person
s.art006 Organisational requirements regarding outsourcing Regulated
  • Manage outsourcing arrangements responsiblyAny Person
s.art007 Business continuity and back-up facilities Regulated
  • Ensure business continuity and back-up facilitiesAny Person
s.art008 Testing and capacity Regulated
  • Test, capacity-plan and stress-test your IT systemsAny Person
s.art009 Security Regulated
  • Protect IT systems and data with physical and electronic security measuresAny Person
s.art010 Management of incomplete or potentially erroneous information by APAs and CTPs Regulated
Other duties (1) — Crown / regulator
  • APAs and CTPs must accurately publish trade reports and manage errorsStatutory regulator
s.art011 Management of incomplete or potentially erroneous information by ARMs Regulated
  • Manage incomplete or erroneous transaction reports as an ARMAny Person
s.art015 Scope of the consolidated tape for bonds, structured finance products, emission allowances and derivatives Regulated
  • Publish consolidated tape covering specified asset classes with minimum coverageAny Person
s.art016 Identification of original and duplicative trade reports in shares, depositary receipts, ETFs, certificates and other similar financial instruments Regulated
  • Mark duplicate trade reports with 'DUPL' code and require investment firms to prevent duplicatesAny Person
s.art018 Details to be published by the APA Regulated
  • Publish transaction details with correct flags and precise UTC timestampsAny Person
10 other provisions — procedural and definitional
s.art003 Corporate governance
s.art004 Information on the members of the management body
s.art012 Connectivity of ARMs
s.art013 Other services provided by CTPs
s.art014 Machine readability
s.art015 Scope of the consolidated tape for shares, depositary receipts, ETFs, certificates and other similar financial instruments
s.art017 Publication of original reports in shares, depositary receipts, ETFs, certificates and other similar financial instruments
s.art019 Non-discrimination
s.art020 Details to be published by the CTP
s.art021 Entry into force and application

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.