THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories [OJ L 201, 27.7.2012, p. 1.], and in particular Article 81(5), fourth subparagraph, in conjunction with Article 81(5), first subparagraph, point (d), thereof,

Whereas:

(1) In order to compare and aggregate data effectively and efficiently, trade repositories should use XML format templates and XML messages developed in accordance with ISO 20022 methodology for granting access to details of derivatives and for communicating with the entities referred to in Article 81(3) of Regulation (EU) No 648/2012. This should not prevent trade repositories and relevant entities from agreeing to use formats other than XML to communicate or to provide access to details of derivatives.

(2) The details of reported derivatives that trade repositories make available in XML format templates developed in accordance with ISO 20022 to the entities listed in Article 81(3) of Regulation (EU) No 648/2012 should contain the same information as the information provided by the counterparties, entities responsible for reporting and report submitting entities, as applicable.