Article 59 › 1
EMIR
Where ESMA adopts a registration decision or a decision refusing or withdrawing registration, it shall notify the trade repository within five working days with a fully reasoned explanation of its decision. ESMA shall, without undue delay, notify the relevant competent authority referred to in Article 57(1) of its decision.
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Source: EUR-Lex CELLAR · retrieved 2026-09-04