# Commission Delegated Regulation (EU) 2017/584 of 14 July 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying organisational requirements of trading venues (Text with EEA relevance), Article 5: Staffing(Article 48(1) of Directive 2014/65/EU)

Extent: E+W+S+N.I.

1. Trading venues shall employ a sufficient number of staff with the necessary skills to manage their algorithmic trading systems and trading algorithms and with sufficient knowledge of:
(a) the relevant trading systems and algorithms;
(b) the monitoring and testing of such systems and algorithms;
(c) the types of trading undertaken by the members, participants or clients of the trading venue (‘members’);
(d) the trading venue's legal obligations.
2. Trading venues shall define the necessary skills referred to in paragraph 1. The staff referred to in paragraph 1 shall have those necessary skills at the time of recruitment or shall acquire them through training after recruitment. The trading venues shall ensure that those staff's skills remain up-to-date and shall evaluate their skills on a regular basis.
3. The staff training referred to in paragraph 2 shall be tailored to the experience and responsibilities of the staff, taking into account the nature, scale and complexity of their activities.
4. The staff referred to in in paragraph 1 shall include staff with sufficient seniority to perform their functions effectively within the trading venue.

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Source: https://www.legislation.gov.uk/eur/2017/584/article/5 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-584/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.