Article 19
Verification of completeness and correctness of data
An application for registration as a trade repository shall contain the following information:
(a)
procedures for the authentication of the identity of the users accessing the trade repository in accordance with Article 1(1)(a) of Commission Delegated Regulation (EU) 2022/1858 ( 3 );
(b)
procedures for the verification of the compliance of the XML template used to report derivatives to the trade repository with the ISO 20022 methodology in accordance with Article 1(1)(b) of Delegated Regulation (EU) 2022/1858;
(c)
procedures for the verification of the authorisation of the entity reporting on behalf of the reporting counterparty in accordance with Article 1(1)(c) of Delegated Regulation (EU) 2022/1858;
(d)
procedures for verification that the logical sequence of the details of the reported derivatives is maintained at all times in accordance with Article 1(1) points (d)-(k) of Delegated Regulation (EU) 2022/1858;
(e)
procedures for the verification of the completeness and correctness of the details of the reported derivatives in accordance with Article 1(1), point (l) of Delegated Regulation (EU) 2022/1858;
(f)
procedures for the reconciliation of data in accordance with Article 3(1) of Delegated Regulation (EU) 2022/1858;
(g)
procedures for the provision of feedback to the counterparties to the derivatives, entities responsible for reporting or the third parties reporting on their behalf, on the verifications performed under points (a) to (e) in accordance with Articles 1(3) and 4(2) of Delegated Regulation (EU) 2022/1858 and the outcomes of the reconciliation process under point (f) in accordance with Articles 3(5) and 4(2) of Delegated Regulation (EU) 2022/1858;
(h)
procedures for the provision of warning feedback to the counterparties to the derivatives, entities responsible for reporting or the third parties reporting on their behalf, on the verifications performed in accordance with paragraphs 1(e) to 1(g) of Article 4 of Delegated Regulation (EU) 2022/1858;
(i)
procedures for updates of legal entity identifiers in accordance with Article 2 of Delegated Regulation (EU) 2022/1858.
( 3 ) Commission Delegated Regulation (EU) 2022/1858 of 10 June 2022 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards specifying the procedures for the reconciliation of data between trade repositories and the procedures to be applied by the trade repository to verify the compliance by the reporting counterparty or submitting entity with the reporting requirements and to verify the completeness and correctness of the data reported (OJ L 262, 7.10.2022, p. 46).