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Article 55 - Registration of a trade repository

1.

A trade repository shall register with ESMA for the purposes of Article 9.

2.

To be eligible to be registered under this Article, a trade repository shall be a legal person established in the Union and meet the requirements laid down in Title VII.

3.

The registration of a trade repository shall be effective for the entire territory of the Union.

4.

A registered trade repository shall comply at all times with the conditions for registration. A trade repository shall, without undue delay, notify ESMA of any material changes to the conditions for registration.