Article 80 — Safeguarding and recording
Financial servicesLevel 1RegulationEMIRIn forceIn force on the date shown, by the dates in the Official Journal.VerifiedIdentical to the official source.Official source
80(2)
2.A trade repository may only use the data it receives under this Regulation for commercial purposes if the relevant counterparties have provided their consent.
Copy link80(3)
3.A trade repository shall promptly record the information received under Article 9 and shall maintain it for at least 10 years following the termination of the relevant contracts. It shall employ timely and efficient record keeping procedures to document changes to recorded information.
Copy link80(4)
4.A trade repository shall calculate the positions by class of derivatives and by reporting entity based on the details of the derivative contracts reported in accordance with Article 9.
Copy link80(5)
5.A trade repository shall allow the parties to a contract to access and correct the information on that contract in a timely manner.
Copy link80(5a)
5a.Upon request, a trade repository shall provide counterparties that are not required to report the details of their OTC derivative contracts pursuant to Article 9(1a) to (1d) and counterparties and CCPs which have delegated their reporting obligation pursuant to Article 9(1f) with access to the information reported on their behalf.
Copy link80(6)
6.A trade repository shall take all reasonable steps to prevent any misuse of the information maintained in its systems.
Copy linkA natural person who has a close link with a trade repository or a legal person that has a parent undertaking or a subsidiary relationship with the trade repository shall not use confidential information recorded in a trade repository for commercial purposes.