art_23__para_4
4. Within 45 working days of receipt of a complete application, ESMA shall register or refuse to register the applicant. ESMA may extend the period referred to in the first subparagraph by 15 working days where the applicant intends to outsource certain external review activities.
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Source: EUR-Lex (Cellar) · retrieved 2026-11-03 · Text as adopted (Official Journal); later amendments are not incorporated in this text.