CHAPTER IVU.K.CHECKS AND PROCESSES

SECTION 2U.K.Automated checks and the data reconciliation process

Article 27U.K.Detection of discrepancies by the CITL

1.The Central Administrator shall ensure that the CITL conducts automated checks for all processes to identify irregularities, hereinafter referred to as discrepancies, whereby the proposed process does not conform to the requirements specified under Directive 2003/87/EC and this Regulation.

2.If the automated checks referred to in paragraph 1 identify a discrepancy in a process, the Central Administrator shall immediately inform the registry administrator or administrators concerned by returning an automated response code.

3.Upon receiving a response code for a process referred to in paragraph 2, the registry administrator of the initiating registry shall terminate that process and inform the CITL thereof. The registry administrator or administrators concerned shall immediately inform the relevant account holders that the process has been terminated.