AI Summary of Article 59 Notification of ESMA decisions relating to registration
Where ESMA adopts a registration decision or a decision refusing or withdrawing registration, it must notify the trade repository concerned within five working days and provide a fully reasoned explanation; ESMA shall, without undue delay, notify the relevant competent authority referred to in Article 57(1) of its decision and shall communicate any decision taken under this paragraph to the Commission.
ESMA shall publish on its website a list of trade repositories registered in accordance with this Regulation and shall update that list within five working days following the adoption of a decision under paragraph 1.
Article 59 Notification of ESMA decisions relating to registration
1. 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.
2. ESMA shall communicate any decision taken in accordance with paragraph 1 to the Commission.
3. ESMA shall publish on its website a list of trade repositories registered in accordance with this Regulation. That list shall be updated within five working days following the adoption of a decision under paragraph 1.