1. In order to ensure efficient, effective and safe exchange and handling of information, the national regulatory authority may, after consulting relevant parties, develop technical and organisational requirements for submitting data. The national regulatory authority shall consult relevant parties on material updates of these requirements.

The requirements shall:

(a) ensure the security, confidentiality and completeness of information,

(b) enable the identification and correction of errors in data reports,

(c) enable the authentication of the source of information,

(d) ensure business continuity.

If the national regulatory authority establishes such requirements, it shall assess whether reporting parties comply with the requirements. Reporting parties who comply with the requirements shall be registered by the national regulatory authority. For entities listed under Article 6(4) the requirements listed in the second subparagraph shall be considered as fulfilled.

2. Persons required to report data referred to in Articles 6, 8 and 9 shall have responsibility for the completeness, accuracy and timely submission of data to the national regulatory authority.