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EMIRR 1.2 Purpose

EMIRR 1.2.1G

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.