Article 22 Recordkeeping policy

An application for registration as a trade repository shall contain information about the receipt and administration of data, including any policies and procedures put in place by the applicant to ensure:

1. (a)

   a timely and accurate registration of the information reported;

2. (b)

   a record of all reported information relating to the conclusion, modification or termination of a derivative in a reporting log identifying the person or persons that requested the action (including the trade repository itself if applicable), the reason or reasons for such action, a date and timestamp and including the old and new contents of the relevant data as set out in the Annex to the Commission Implementing Regulation (EU) No 1247/2012;1

[Note: the reference to “Annex to the Commission Implementing Regulation (EU) No 1247/2012” above is to be read as referring to “Annex to the EMIR Technical Standards on the Standards, Formats, Frequency and Methods and Arrangements for Reporting 2023” from 30 September 2024.]

1. (c)

   that the data is maintained both online and offline;

2. (d)

   that the data is adequately copied for business continuity purposes.

An application for registration as a trade repository shall contain information on the recordkeeping systems, policies and procedures that are used in order to ensure that the data reported is modified appropriately and that positions are calculated correctly in accordance with relevant legislative or regulatory requirements.