The European Commission has published a Delegated Regulation supplementing MiFID II which sets out the organisational requirements required of those investment firms which use algorithmic trading.  This is in relation to article 17 of MiFID II.  The RTS contains provisions relating to: (i) general organisational requirements; (ii) the resilience of trading systems; (iii) direct electronic access; (iv) firms acting as general clearing members; and (v) high-frequency algorithmic trading techniques.  If neither the Council of the EU or the European Parliament objects, the RTS will enter into force 20 days after its publication in the Official Journal of the EU (OJ) and it will apply from 3 January 2018.