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🔗 Back to Summary. 🇫🇷 French Version: 2017R2402_FR.12. Open the PDF. Direct link to EUR-LEX.
Article 11 – Notification and consultation with competent authorities prior to registration or extension of registration ⬅️ | ➡️ Article 13 – Notification of ESMA decisions relating to registration or extension of registration
Article 12 - Examination of the application
1.
ESMA shall, within 40 working days of the notification referred to in Article 10(6), examine the application for registration, or for an extension of registration, based on the compliance of the securitisation repository with this Chapter and shall adopt a fully reasoned decision accepting or refusing registration or an extension of registration.
2.
A decision issued by ESMA pursuant to paragraph 1 shall take effect on the fifth working day following that of its adoption.