380. According to the Article 9(1e) of EMIR, counterparties and CCPs should report correctly and without duplication. Quality of data reported by counterparties is a key aspect to ensure wide usability and quality of data analytical results. Further requirements for ensuring the data quality on the counterparty side are set out in Article 9 of the ITS on reporting and Article 1 and 3 of the RTS on data quality.

381. To ensure compliance with the requirement to report correctly, to ensure the consistency of data, as well as to achieve the reduction of reporting burden and alignment of incentives with the entity's own priorities, counterparties should use the regulatory data for their own internal risk and compliance management processes.