Regulatory Compliance

US SEC Rule 15c3-5, PDT and FINRA rules, EU MiFID II / RTS 6 / MAR, UK FCA, ASIC, MAS, India SEBI, Canada IIROC, Hong Kong SFC, Japan FSA.

Skills: 38
Hand off: 221
Handed off from: 263

Index

All 38 skills in this domain, alphabetically. Hover a row for its situation; open it for the full playbook.

A

algo-trading-disclosure-to-exchange-membershipUse when an order is generated or parameterised by an algorithm and the venue or regulator requires algorithm identification, registration or disclosure; blocks orders whose exchange-facing metadata is missing or stale, before FIX serialisation.regulatory algorithmic-trading-firm-licensing-thresholdsUse when auditing whether a proprietary trading firm has crossed a quantitative registration trigger: the 17 CFR 240.15b9-1 conditions for FINRA membership exemption, the MiFID II Article 19 message-rate test, and the SEBI limbs.sec annual-compliance-attestation-workflowUse when running the annual compliance readiness gate before a US chief executive and chief compliance officer sign: SEC Rule 206(4)-7(b) review, the Rule 204-2(a)(17)(ii) record, FINRA Rules 3130 and 3120, and SEC Rule 15c3-5(e).sec-20647 asic-market-integrity-rules-automated-tradingUse when building the Automated Order Processing gate an Australian market participant must place in front of every trading message, under ASIC Market Integrity Rules 2017 Part 5.6: reject-outcome filters on value, volume and price.asic australia-asic-drt-obligationsUse when a Reporting Entity under the ASIC Derivative Transaction Rules 2024 must validate an OTC derivative report before submission: ISO 17442 legal entity identifiers with check digits, ISO 23897 transaction identifiers and ISO 4914 product identifiers.asic

B

best-execution-record-keeping-globalUse when execution quality must be screened against a benchmark and every screening decision retained as tamper-evident evidence under MiFID II Article 27 and FINRA Rule 5310. A screen that flags outliers, not a determination that best execution was achieved.risk

C

canada-iiroc-electronic-trading-rulesUse when routing orders to Canadian marketplaces such as TSX, TSX Venture, Cboe Canada or an ATS, where NI 23-103 section 3 and UMIR Rule 7.1 require automated pre-trade controls and UMIR 6.2 order designations on every order.iiroc cftc-commodity-pool-operator-registrationUse when a US commodity pool relies on the 17 CFR 4.13(a)(3) de minimis exemption from Commodity Pool Operator registration, to test a proposed commodity interest position against the initial-margin and net-notional trading tests before it is taken.cpo conflict-of-interest-disclosure-for-prop-vs-client-flowUse when a broker-dealer trades proprietarily in US equities alongside unexecuted customer orders, under FINRA Rule 5320 Manning: the no-knowledge information barrier, negative consent and minimum price improvement.manning-rule cross-border-data-transfer-restrictions-for-trade-dataUse when trade telemetry containing personal data crosses a border, to enforce route policy under GDPR Chapter V, China PIPL Articles 38 to 40, Swiss banking secrecy and similar regimes, and to pseudonymise before egress.data-governance cross-jurisdiction-regulatory-conflict-resolutionUse when one order is in scope of more than one regime at once, such as SEC, MiFIR and FCA, and their rules on payment for order flow, entity identifier tagging or short selling disagree; resolves under strictest-rule primacy with an audit record.regulatory-conflict

D

data-localization-requirements-for-trade-recordsUse when deciding whether a cloud region is an acceptable resting place for a class of trade record, against genuine in-country storage mandates such as China CSL Article 37 and the RBI payment-data circular. Transfer lawfulness is a separate question.trade-record-sovereignty

E

esma-double-volume-cap-mechanismUse as the waiver gate before EU dark venue selection. The named double volume cap no longer exists: Regulation 2024/791 replaced it with a single 7% Union-wide cap on the reference price waiver, enforced from ESMA-published data.single-volume-cap eu-benchmark-regulation-for-strategies-referencing-indicesUse when an EU supervised entity references an index in a way Regulation 2016/1011 regulates, such as issuing an index-linked instrument; decides whether the Benchmarks Regulation binds at all before testing the Article 29 use conditions.esma-register eu-market-abuse-regulation-mar-surveillanceUse when screening EU or EEA order and trade batches for wash trading, spoofing, layering and quote stuffing under Regulation 596/2014 Article 16, producing suspicious transaction and order report candidates. The UK applies its own assimilated regime.market-abuse eu-short-selling-regulation-disclosure-thresholdsUse when a strategy holds net short positions in shares admitted to an EU or EEA venue and must know what Regulation 236/2012 requires today: the 0.1% private notification threshold and the 0.5% public disclosure threshold. Sovereign debt has its own regime.short-selling-regulation

F

finra-algo-trading-registration-requirementsUse when a FINRA member deploys or materially changes an automated trading system, to decide whether Rule 1220(b)(4) Securities Trader registration is triggered for the person primarily responsible for its design or modification.series-57

H

hong-kong-sfc-algorithmic-trading-guidelinesUse when an algorithmic system or DMA gateway sends orders to the Stock Exchange of Hong Kong and must satisfy SFC Code of Conduct paragraph 18 and Schedule 7 electronic trading requirements. The SFC sets no numeric limits; you calibrate them.schedule-7

I

india-sebi-algo-trading-tagging-requirementsUse when a broker, empanelled algo provider or tech-savvy retail client sends algorithmic orders to NSE, BSE or MCX under the SEBI circular of 4 February 2025, covering algorithm tagging, registration and order-per-second thresholds. Direct market access flow is excluded.algo-tagging insider-trading-controls-for-alternative-data-usageUse at the point an already-onboarded alternative dataset is about to drive trading, to produce a per-control record across material non-public information provenance, vendor terms posture and personal data scrubbing. Vendor triage happens earlier.insider-trading

J

japan-fsa-high-speed-trading-registrationUse when automated orders reach Japanese venues from co-located or proximity-hosted infrastructure, to classify the activity against the FIEA Article 2(41) high-speed trading definition and the Article 66-50 registration requirement.fiea

K

kyc-aml-considerations-for-algo-trading-entitiesUse when onboarding a trading fund or proprietary firm with a prime broker, exchange or clearing member, covering both FinCEN customer due diligence prongs: the 25% beneficial-ownership test and the mandatory control person.aml

M

mas-singapore-algo-trading-guidelinesUse when gating algorithmic order flow into Singapore Exchange from a MAS-regulated entity: SFA licensing and SGX Approved Trader registration, clearing member pre-execution value limits, and the forced order cancellation policy.singapore mifid-ii-algo-trading-compliance-euUse when an algorithmic trading firm must meet EU MiFID II RTS 6 obligations for orders sent to any EU or EEA trading venue: pre-trade controls, kill functionality that cancels unexecuted orders, testing, and the annual self-assessment.mifid-ii-mifir

P

pattern-day-trader-rule-compliance-usUse when a bot day trades US equities or equity options in a margin account and a trading freeze would break the strategy; covers the pattern day trader regime, the 25,000 dollar equity floor and day-trading buying power. Cash accounts are constrained differently.finra-rule-4210 position-limit-reporting-cftc-large-traderUse for self-surveillance of US futures and options positions against CFTC large-trader reporting levels in 17 CFR 15.03 and Part 150 speculative position limits, aggregating sub-accounts before the carrying broker reports.form-102

R

record-retention-periods-by-jurisdictionUse when a storage lifecycle policy or archive migration is about to decide whether a trading record can be deleted, resolving the binding minimum retention across every regulator that governs it and the earliest date no rule still compels keeping it.compliance regulatory-change-monitoring-service-integrationUse when a firm subscribes to regulatory feeds such as the Federal Register, FCA Handbook notices, SEBI circulars or EUR-Lex and needs to know which published changes still require work and how long is left before the operative deadline.regulatory-change-monitoring regulatory-sandbox-programs-for-fintech-testingUse when testing a strategy or product with real clients under a regulator-approved sandbox authorisation from the FCA, MAS or SEBI, auditing live telemetry against the client caps, cumulative volume and duration boundaries the approval set.fintech-testing

S

sanctions-screening-for-counterparties-and-instrumentsUse when onboarding a counterparty or admitting an instrument, to screen identifiers, primary names and published aliases with Unicode normalisation before edit-distance matching, and to leave evidence rather than a boolean. Supply your own list data.ofac-sdn sec-rule-15c3-5-risk-controls-usUse when building the pre-order-entry gate a broker-dealer with market access must place in front of every order under 17 CFR 240.15c3-5: credit thresholds, single-order quantity and notional caps, and a firm-calibrated price collar, failing closed.market-access-rule singapore-mas-notice-on-cyber-hygiene-for-trading-systemsUse when auditing trading infrastructure for a MAS-regulated institution against the Notice on Cyber Hygiene, starting by picking the right notice for the entity class, then administrative account control, patching and multi-factor authentication.singapore-compliance swiss-finma-algorithmic-trading-expectationsUse when a firm runs algorithmic trading as an admitted SIX Swiss Exchange participant and must evidence the controls the Swiss framework requires: per-algorithm order flagging, notification to the Exchange, and order-to-transaction ratio limits.finfrag

U

uk-fca-algorithmic-trading-systems-controlsUse when building the order-entry gate for algorithmic trading into a UK venue under FCA Handbook MAR 7A.3.2R and RTS 6 Article 15. RTS 6 prescribes no numeric limits; the firm sets them from its capital base and clearing arrangements.uk-fca uk-senior-managers-regime-algo-accountabilityUse when establishing statutory accountability for algorithmic trading in a UK SMCR firm, mapping each strategy to a named Senior Management Function under SUP 10C and tracking the statements of responsibility that go with them.uk-fca us-reg-nms-order-protection-rule-complianceUse when an execution in a US NMS stock must be tested after the fact against the protected quotations displayed when it printed, under SEC Regulation NMS Rule 611 and the surveillance duty in Rule 611(a)(2). Post-trade surveillance, not a router control.rule-611 us-reg-sho-short-sale-locate-requirementsUse when building the pre-trade gate between an equity strategy and a US venue under SEC Regulation SHO: Rule 200(g) order marking, the Rule 203(b)(1) locate requirement, and the Rule 201 price test when a circuit breaker is in effect.rule-200

W

wash-trade-and-spoofing-self-detectionUse when a firm wants to see the shape of a self-match or of layering in its own order flow before an exchange or regulator does; streams over the firm's own events. Preventing a self-match at the venue is exchange-self-match-prevention-configuration.spoofing

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