1. A CCP shall keep records in a durable medium that allows information to be provided to the competent authorities, ESMA and relevant European System of Central Banks (ESCB) members, and in such a form and manner that the following conditions are met:

(a) each key stage of the processing by the CCP may be reconstituted;

(b) the original content of a record before any corrections or other amendments may be recorded, traced and retrieved;

(c) measures to prevent unauthorised alteration of records are in place;

(d) security and confidentiality of the data recorded are ensured through appropriate measures;

(e) a mechanism for identifying and correcting errors is incorporated in the record keeping system;

(f) the timely recovery of the records in the case of a system failure is ensured within the record keeping system.

2. Where records or information are less than six months old, they shall be provided to the authorities listed in paragraph 1 as soon as possible and at the latest by the end of the following business day following a request from the relevant authority.

3. Where records or information are older than six months, shall be provided to the authorities listed in paragraph 1 as soon as possible and within five business days following a request from the relevant authority.