# Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Article 7: Examination of the application

Extent: E+W+S+N.I.

1. The FCA shall, within 40 working days of the notification referred to in Article 5(6), examine the application for registration, or for an extension of registration, based on the compliance of the trade 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 the FCA pursuant to paragraph 1 shall take effect on the fifth working day following its adoption.

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Source: https://www.legislation.gov.uk/eur/2015/2365/article/7 (the official version)
Page: https://openlegislation.uk/eu-regulation-2015-2365/article-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.