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Text as of 28 Jun 2021 · Original act (Official Journal of 27 July 2012) · Same wording as today’s text.Today’s text

Article 57 — Notification of and consultation with competent authorities prior to registration

Financial servicesLevel 1RegulationEMIRIn forceVerifiedOfficial source

57(1)

1.If a trade repository which is applying for registration is an entity which is authorised or registered by a competent authority in the Member State where it is established, ESMA shall, without undue delay, notify and consult that competent authority prior to the registration of the trade repository.

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57(2)

2.ESMA and the relevant competent authority shall exchange all information that is necessary for the registration of the trade repository as well as for the supervision of the entity’s compliance with the conditions of its registration or authorisation in the Member State where it is established.

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