Information Technology resources and outsourcing
An application for registration as a trade repository shall contain a description of the following matters:
(a)
the systems and user facilities developed by the applicant in order to provide services to the clients, including a copy of any user manual and internal procedures;
(b)
the investment and renewal policies on information technology resources of the applicant;
(c)
outsourcing arrangements entered into by the applicant, together with the methods employed to monitor the service level of the outsourced functions and a copy of the contracts governing such arrangements.
Ancillary services
Where an applicant, an undertaking within its group, or an undertaking with which the applicant has a material agreement relating to trading or post-trading service offers, or plans to offer any ancillary services, its application for registration as a trade repository shall contain a description of:
(a)
the ancillary services that the applicant, or its parent group, performs and a description of any agreement that the trade repository may have with companies offering trading, post-trading, or other related services, as well as copies of such agreements;
(b)
the procedures and policies that will ensure the operational separation between the applicant’s trade repository services and other business lines, including in the case that a separate business line is run by the trade repository, a company belonging to its holding company, or any other company within which it has a material agreement in the context of the trading or post-trading chain or business line.
