(2)In order to ensure that counterparties with more trades in their portfolios are subject to more stringent operational conditions and reporting requirements than counterparties with fewer trades, this Regulation provides for a different treatment between counterparties with regards to the obligations laid down in Article 7a(3), point (d) of Regulation (EU) No 648/2012. Points (a) and (c) of Article 7a(3) of that Regulation lay down requirements that are further specified in this Regulation. However, due to the universal nature of those requirements, it would not be appropriate to differentiate them with respect to the size of the portfolios of different counterparties. For Article 7a(3), point (b), of Regulation (EU) No 648/2012, as well as for the reporting requirements laid down in Article 7b of that Regulation, this Regulation lays down minimum standards that should apply to all counterparties. It would be disproportionate to require a more stringent treatment for counterparties with more trades.