Retained EU Law SI 2017/574 United Kingdom

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)

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.

Financial Services Firm3

Other Acts binding the same actors

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

Financial Services Firm — also bound by 167 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 Reference time Regulated
  • Synchronise your business clocks with UTCFinancial Services Firm
s.art002 Level of accuracy for operators of trading venues Regulated
  • Ensure business clocks meet accuracy thresholds based on system latencyFinancial Services Firm
s.art004 Compliance with the maximum divergence requirements Regulated
  • Set up clock traceability to UTC and audit it yearlyFinancial Services Firm
2 other provisions — procedural and definitional
s.art003 Level of accuracy for members or participants of a trading venue
s.art005 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.