Document ID: chunk:federal_register_of_legislation:F2024C01137:reg:2:p4
Version: federal_register_of_legislation:F2024C01137
Segment Type: reg
Provision Reference: reg 2 (pt 4/6)
Character Range: 29134–32159

to in paragraphs (2)(a) or (b) during a Business Day, the Reporting Entity is only required to report the update or change that occurs closest to the end of that Business Day.

2.2.3 Reporting Requirement—Timing (generally, T+2)
(1) Subject to subrules (2) and (3), a Reporting Entity that is required to report:
         1.         information about a Reportable Transaction in accordance with subrule 2.2.1(1); or
         2.        a change to information about an OTC Derivative in accordance with subrule 2.2.2(1);
must report the information or change by no later than the end of the second Business Day after the day on which the Reportable Transaction or change occurs.
     (2) If the Licensed Repository or Prescribed Repository to which the information or change is to be reported is not available to accept the report of information or changes by the time required under subrule (1), the Reporting Entity must report the information or changes as soon as practicable after the Licensed Repository or Prescribed Repository becomes available to accept the report.
     (3) A Reportable Transaction, other than a foreign exchange contract that is part of a foreign exchange swap derivative transaction, for which a value for Item 92 of Table S1.1(1) is required to be reported, must be reported by no later than the end of the fourth Business Day after the day on which the Reportable Transaction occurs.
Note: Item 92 of Table S1.1(1) requires reporting of an identifier that connects two or more Reportable Transactions that are reported separately.

2.2.4 Reporting Requirement—Format
     (1) A Reporting Entity that is required to report:
         1.         information about a Reportable Transaction in accordance with subrule 2.2.1(1); or
         2.        a change to information referred to in paragraph (a), in accordance with subrule 2.2.2(1);
must report the information or change in an electronic form and in accordance with any format requirements specified:
         1.         in subrule (2) and otherwise in these Rules; and
         2.        by the Licensed Repository or Prescribed Repository to which the information or change is reported, to the extent those format requirements are not inconsistent with any format requirements referred to in paragraph (c).
     (2) A Reporting Entity is required to report the information referred to in subrule (1):
         1.         in a machine-readable form;
         2.        subject to subrule 2.2.1(4), in accordance with an ISO 20022 message definition whose message elements include the Derivative Transaction Information set out in Part S1.3; and
         3.         using the XML tags specified in the ISO 20022 message definition utilised by the Reporting Entity.

2.2.5 Reporting Requirement—Continuity of reporting
(1) Subject to subrule (2), a Reporting Entity that reports to a Derivative Trade Repository (in this Rule, the Original Trade Repository):
         1.         information about a Reportable Transaction in an OTC Derivative,