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Delegated Regulation (EU) 2022/1858 · binding · OJ L 262, 7.10.2022 · dated 10 Jun 2022 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2022-06-10","entry_into_force":"2022-10-27","locators":{"document_date":"CELLAR 32022R1858 work_date_document","entry_into_force":"CELLAR 32022R1858 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/emir/level-2/rts/2022-1858-reconciliation-of-data-between-trade-repositories","path":"/emir/level-2/rts/2022-1858-reconciliation-of-data-between-trade-repositories","name":"Commission Delegated Regulation (EU) 2022/1858","number":"2022/1858","celex":"32022R1858","title_official":"COMMISSION DELEGATED REGULATION (EU) 2022/1858 of 10 June 2022 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards specifying the procedures for the reconciliation of data between trade repositories and the procedures to be applied by the trade repository to verify the compliance by the reporting counterparty or submitting entity with the reporting requirements and to verify the completeness and correctness of the data reported (Text with EEA relevance)","document_date":"2022-06-10"},"position":{"kind":"article","key":"1","index":1,"articles":5,"annexes":1},"prev":null,"next":{"path":"/emir/level-2/rts/2022-1858-reconciliation-of-data-between-trade-repositories/articles/2","key":"2","title":"Article 2 — Procedure for updates of Legal Entity 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field 2 of Table 1 and field 2 of Table 3 of the Annex to Commission Implementing Regulation (EU) 2022/1860 ;\n\n    <a id=\"art-1-p-1-b\"></a>**(b)** that the XML template used to report a derivative complies with the ISO 20022 methodology in accordance with Article 1 of Implementing Regulation (EU) 2022/1860;\n\n    <a id=\"art-1-p-1-c\"></a>**(c)** that the report submitting entity, if different from the entity responsible for reporting as referred to in field 3 of Table 1 and field 3 in Table 3 of the Annex to Implementing Regulation (EU) 2022/1860, is duly authorised to report on behalf of counterparty 1 or the entity responsible for reporting, if different from counterparty 1, as referred to in field 4 of Table 1 and field 4 in Table 3 of the Annex to Implementing Regulation (EU) 2022/1860;\n\n    <a id=\"art-1-p-1-d\"></a>**(d)** that the same derivative has not been submitted previously;\n\n    <a id=\"art-1-p-1-e\"></a>**(e)** that a derivative report with action type ‘Modification’, ‘Margin Update’, ‘Valuation’, ‘Correction’, ‘Error‘ or ‘Terminate’ relates to a previously submitted derivative;\n\n    <a id=\"art-1-p-1-f\"></a>**(f)** that a derivative report with action type ‘Modification’ does not relate to a derivative that has been reported as cancelled with action type ‘Error’ which has not been subsequently reported with action type ‘Revive’;\n\n    <a id=\"art-1-p-1-g\"></a>**(g)** that a derivative report does not include the action type ‘New’ in respect of a derivative that has previously been reported;\n\n    <a id=\"art-1-p-1-h\"></a>**(h)** that a derivative report does not include the action type ‘Position component’ in respect of a derivative that has previously been reported;\n\n    <a id=\"art-1-p-1-i\"></a>**(i)** that a derivative report does not purport to modify the details of fields ‘Counterparty 1’ or ‘Counterparty 2’ to a previously reported derivative;\n\n    <a id=\"art-1-p-1-j\"></a>**(j)** that a derivative report does not purport to modify an existing derivative by specifying an effective date later than the reported maturity date of the derivative;\n\n    <a id=\"art-1-p-1-k\"></a>**(k)** that a derivative reported with action type ‘Revive’ relates to a previously submitted derivative report with action type ‘Error’ or ‘Terminate’ or to a derivative that has matured;\n\n    <a id=\"art-1-p-1-l\"></a>**(l)** the correctness and completeness of the derivative report.\n\n2. <a id=\"art-1-p-2\"></a>A trade repository shall reject a derivative report that does not comply with one of the requirements set out in paragraph 1 and assign to it one of the rejection categories set out in Table 1 of the Annex.\n\n3. <a id=\"art-1-p-3\"></a>A trade repository shall provide the report submitting entities with detailed information on the results of the data verification referred to in paragraph 1 within sixty minutes after it has received a derivative report. A trade repository shall provide those results in an XML format and a template in accordance with the ISO 20022 methodology. The results shall specify reasons for the rejection of a derivative report in accordance with Table 1 of the Annex.\n\n","marks":[],"text_hash":"7a909a3099d553e2cb8da83e1b9aedc18603ec7273d2fbc1842e80ca50a97bda","revision":1}}