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Article 22 – Recordkeeping policy ⬅️ | ➡️ Article 23a – Direct and immediate access to data by authorities

Article 23 - Data availability mechanisms

An application for registration as a trade repository shall contain a description of the resources, methods and channels that the applicant uses to give access to the information in accordance with paragraphs 1, 3 and 5 of 2012, and shall contain the following information:

(a)

a procedure to calculate the aggregate positions in accordance with Commission Delegated Regulation (EU) No 151/2013, and a description of the resources, methods and channels that the trade repository will employ in order to facilitate access to the data contained therein to the public in accordance with 2012, and a description of the frequency of updates, along with a copy of any specific manuals and internal policies;

(b)

a description of the resources, methods and facilities that the trade repository employs in order to facilitate the access to data on the details of derivative contracts to the relevant authorities in accordance with 2012, a log listing IT issues at the trade repositories that impact the quality of the data made available to the relevant authorities in accordance with 2012, the frequency of the update and the controls and verifications that the trade repository may establish for the access filtering process, along with a copy of any specific manuals and internal procedures;

(c)

a procedure and a description of the resources, methods and channels that the trade repository employs in order to facilitate the timely structured and comprehensive collection of data from counterparties, the access to its information to counterparties to derivatives in accordance with 2012, along with a copy of the specific manuals and internal policies.