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Version status: Entered into force | Document consolidation status: No known changes
Version date: 11 April 2019 - onwards
  Version 2 of 2    

Article 2 Reconciliation of data by trade repositories

1. A trade repository shall seek to reconcile a reported SFT by undertaking the steps set out in paragraph 2, provided that all of the following conditions are met:

(a) the trade repository has completed the verifications set out in paragraphs 1 and 2 of Article 1;

(b) both counterparties to the reported SFT have a reporting obligation;

(c) the trade repository has not received a subsequent report with the action type 'Error' in respect of the reported SFT.

2. Where all the conditions of paragraph 1 are met, a trade repository shall undertake the following steps, while using the latest reported value for each of the fields in Table 1 of Annex I to this Regulation:

(a) a trade repository having received an SFT report shall verify whether it has received a corresponding SFT report from or on behalf of the other counterparty;

(b) a trade repository that has not received a corresponding SFT report as referred to in point (a) shall attempt to identify the trade repository that has received

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