Article 19 Verification of completeness and correctness of data

An application for registration as a trade repository shall contain the following information:

1. (a)

   procedures for the authentication of the identity of the users accessing the trade repository in accordance with Article 1 of Delegated Regulation (EU) 2019/358;

2. (b)

   procedures for the verification of the use of an XML template complying with the ISO 20022 methodology in accordance with Article 1 of Delegated Regulation (EU) 2019/358;

3. (c)

   procedures for the verification of the authorisation and IT permission of the entity reporting on behalf of the reporting counterparty in accordance with Article 1 of Delegated Regulation (EU) 2019/358;

4. (d)

   procedures for verification that the logical sequence of the reported SFT details is maintained at all times in accordance with Article 1 of Delegated Regulation (EU) 2019/358;

5. (e)

   procedures for the verification of the completeness and correctness of the reported SFT details in accordance with Article 1 of Delegated Regulation (EU) 2019/358;

6. (f)

   procedures for the reconciliation of data between trade repositories where counterparties report to different trade repositories in accordance with Article 2 of Delegated Regulation (EU) 2019/358;

7. (g)

   procedures for the provision of feedback to the counterparties to the SFTs or the third parties reporting on their behalf, on the verifications performed under points (a) to (e) and the outcomes of the reconciliation process under point (f) in accordance with Article 3 of Delegated Regulation (EU) 2019/358.