(10)Prudential Standard CPS 226 contains similar obligations to those provided for in Article 11(1) and (2) of Regulation (EU) No 648/2012 and in Chapter VIII of Delegated Regulation (EU) No 149/2013. In particular, paragraphs 77 to 94 of that Prudential Standard contain specific requirements regarding timely confirmation, portfolio compression, portfolio reconciliation, transaction valuation and dispute resolution applicable to OTC derivative contracts not cleared by a CCP. With regard to timely confirmation, the requirements set out in Prudential Standard CPS 226 cannot be considered equivalent as they require transactions to be confirmed only ‘as soon as practicable’ while Delegated Regulation (EU) No 149/2013 sets a maximum period for the transaction to be confirmed. With regard to portfolio reconciliation, the requirements set out in Prudential Standard CPS 226 cannot be considered equivalent as the frequency at which a portfolio is to be reconciled is not specified in Prudential Standard CPS 226 while it is precisely determined in Delegated Regulation (EU) No 149/2013. With regard to dispute resolution, the requirements set out in Prudential Standard CPS 226 cannot be considered equivalent as, contrary to Delegated Regulation (EU) No 149/2013, that Prudential Standard does not provide for a specific process for disputes that are not resolved within five working days. With regard to portfolio compression and transaction valuation, the requirements set out in Prudential Standard CPS 226 could be considered equivalent in outcome to those set out in Articles 13 and 14 of Commission Delegated Regulation (EU) No 149/2013.