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Article 9 - Reporting on the representativeness obligation

1.

Every six months, counterparties shall report to the competent authority:

(a)

the most relevant subcategories, as referred to in Articles 4(2), 5(2) and 6(2) of this Regulation;

(b)

the number of trades cleared, in each of the most relevant subcategory referred to Articles 4(2), 5(2) and 6(2), per class of derivative contracts and per reference period at clearing services of substantial systemic importance as specified pursuant to Article 25(2c) of Regulation (EU) No 648/2012;

(c)

the number of trades cleared, based on the average of the 12 previous months, in each of the most relevant subcategory referred to in Articles 4(2), 5(2) and 6(2), per class of derivative contracts and per reference period at an authorised CCP;

(d)

the duration of the reference period referred to in Articles 4(3) and 5(3) and Article 6(3) and (4).

2.

Counterparties shall report to the competent authority when the number of trades cleared in a subcategory of the derivative contracts referred to in 2012 exceeds half of that counterparty’s total trades of the previous 12 months.

3.

For the purposes of paragraph 1, counterparties shall use for each class of derivatives the Tables set out in Annex III to this Regulation, as appropriate.