Within 180 working days of the submission of a complete application, ESMA shall inform the applicant trade repository in writing with a fully reasoned explanation whether the recognition has been granted or refused.
ESMA v 180 dneh po predložitvi popolne vloge pisno obvesti zadevni repozitorij, ali je bilo priznanje odobreno ali zavrnjeno, pri čemer to izčrpno obrazloži.