EMIRR 1.2 Purpose

1The purpose of the rules in this sourcebook is to impose requirements on trade repositories in relation to:

1. (1)

   procedures for the effective reconciliation of data between trade repositories;

2. (2)

   procedures to verify compliance by counterparties and CCPs with the reporting obligation under Article 9 of Regulation (EU) No 648/2012; and

3. (3)

   procedures to verify the completeness and correctness of the data reported.