An application for registration as a trade repository shall contain the following information:
procedures for the authentication of the identity of the users accessing the trade repository;
procedures for the verification of the completeness and correctness of derivatives reported to the trade repository;
procedures for the verification of the authorisation and IT permission of the entity reporting on behalf of the reporting counterparty;
procedures for verification that the logical sequence of the details of the reported derivatives is maintained at all times;
procedures for the verification of the completeness and correctness of the details of the reported derivatives;
procedures for the reconciliation of data between trade repositories where counterparties report to different trade repositories;
procedures for the provision of feedback to the counterparties to the derivatives or the third parties reporting on their behalf, on the verifications performed under points (a) to (e) and the outcomes of the reconciliation process point (f).