RTS: Data reconciliation and verification for trade repositories (EU 648/2012)

This regulation sets out technical standards for how trade repositories must reconcile data they receive. It ensures that the data reported under the European Market Infrastructure Regulation (EMIR) is accurate and complete, helping to monitor risks in the financial system.

It affects financial counterparties and entities that report trades. The rules clarify how trade repositories must check that reporting obligations are met and that the data submitted is correct.