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3.9 Timely reporting of conclusion, modification and termination of a derivative (paras. 168-187)

168. Article 9(1) of EMIR provides that "Counterparties and CCPs shall ensure that the details of any derivative contract they have concluded and of any modification or termination of the contract are reported (…) to a trade repository (…) ". Furthermore, the relevant details should be reported "no later than the working day following the conclusion, modification or termination of the contract.