--- title: "Article 58 — Examination of the application" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20250117" source_retrieved: 2026-10-11 shortTitle: "Article 58 — Examination of the application" instrument_type: level1_regulation authority: Commission binding: true binding_character: binding mica_level2: false legal_basis: "Regulation (EU) No 648/2012" instrument: emir celex: "32012R0648" regulation: EMIR regulation-full: "Regulation (EU) No 648/2012" article: 58 status: in_force object_id: eu.emir.legal_text.article.58 text_version: "Consolidated version of 17 January 2025" source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20250117" check_status: matched verified: true last_checked: 2026-11-09 --- *In force · Consolidated version of 17 January 2025 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02012R0648-20250117)* 1. ESMA shall, within 40 working days from the notification referred to in the third subparagraph of [Article 56(2)](56.md), examine the application for registration based on the compliance of the trade repository with [Articles 78](78.md) 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. *** [Title VI — Registration and supervision of trade repositories](../titles/vi.md) · [← Article 57](57.md) · [Article 59 →](59.md)