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🔗 Back to Summary. 🇫🇷 French Version: 2012R0648_FR.58. Open the PDF. Direct link to EUR-LEX.
Article 57 – Notification of and consultation with competent authorities prior to registration ⬅️ | ➡️ Article 59 – Notification of ESMA decisions relating to registration
Article 58 - Examination of the application
1.
ESMA shall, within 40 working days from the notification referred to in the third subparagraph of Article 56(2), examine the application for registration based on the compliance of the trade repository with Articles 78 to 81 and shall adopt a fully reasoned registration decision or decision refusing registration.
2.
A decision issued by ESMA pursuant to paragraph 1 shall take effect on the fifth working day following its adoption.