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Recital 5

Recital 5

(5)To ensure that the EBA single access point is fit for purpose, and thus to ensure that the data submitted comply with the appropriate data formats, the EBA single access point should be able to perform technical validations. Where the outcome of such validations results in a rejection, institutions should be automatically informed of the rejection and its rationale, so that they are able to resubmit the information submitted without undue delay.

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