TITLE IIIU.K. COMMON TECHNICAL PROVISIONS

CHAPTER 1 U.K. Technical requirements of the Union Registry and the EUTL

Section 3 U.K. Automated checking, recording and completing of processes

Article 73U.K.Reconciliation — detection of inconsistencies by the EUTL

1.The central administrator shall ensure that the EUTL periodically initiates data reconciliation to ensure that the EUTL's records of accounts and holdings of allowances match the records of these holdings in the Union Registry. The central administrator shall ensure that the EUTL records all processes.

2.If during the data reconciliation process referred to in paragraph 1, an inconsistency is identified by the EUTL, whereby the information regarding accounts, holdings of allowances provided by the Union Registry as part of the periodic reconciliation process differs from the information contained in the EUTL, the central administrator shall ensure that the EUTL prevents any further processes to be completed with any of the accounts, allowances which are the subject of the inconsistency. The central administrator shall ensure that the EUTL immediately informs the central administrator and the administrators of the relevant accounts of any inconsistency.