Reference time
- Synchronise your business clocks with UTC
Retained EU Law
2017
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)
At a glance
What's here
3 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Level of accuracy for operators of trading venues
- Ensure business clocks meet accuracy thresholds based on system latency
Compliance with the maximum divergence requirements
- Set up clock traceability to UTC and audit it yearly
Browse 2 other sections — procedural / definitional / commencement
Level of accuracy for members or participants of a trading venue
Entry into force and application
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