Q83. What other aspects need to be considered with regards to the aforementioned approach with regards to treatment of reconciliation feedback? Please detail the reasons for your response.
538. Article 2 of RTS on data verification establishes the reconciliation process to be carried by TRs and the feedback that they provide to the reporting counterparties, entities responsible for reporting and report submitting entities, as applicable.
539. Following the performance of the reconciliation process as detailed in Article 2(2), the TRs will assign a reconciliation category to the records that are subject to reconciliation.
540. In the CP, ESMA presented the approach with regards to the implementation of the requirements related to provision of reconciliation feedback, the entities to which it is provided and the general aspects around its treatment. Streamlining the treatment of reconciliation feedback based on ISO 20022 xml messages is essential for enabling timely data processing by TR
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