Common use of Responsibilities and Technical Details Clause in Contracts

Responsibilities and Technical Details. ECC reserves the right to utilize any of the available connectivity channels and file formats specified by Regis-TR. All reports are conditional on the data that is required to enable ECC to make such reports in a timely manner. ECC has no obligation to verify the required data. In case it becomes apparent to ECC that the data required to make such reports is incorrect, incomplete, invalid or not compliant with the regulatory requirements, ECC may choose not to generate or submit a reporting file. ECC will notify the respective Reporting Participant if such incident occurs. The obligation for reporting according to EMIR Article 9 and the regulatory responsibility for the correctness of the content, completeness, validity and compliance with the regulatory requirements of such reporting remains with the Reporting Participant. The liability for complete and accurate reporting remains with the Reporting Participant.

Appears in 5 contracts

Samples: Services Agreement, Services Agreement, Services Agreement

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