A trade repository established in a third country may provide its services and activities to entities established in the Union for the purposes of Article 4 only after its recognition by ESMA in accordance with the requirements laid down in paragraph 4 of this Article.
Ní fhéadfaidh stór trádála atá bunaithe i dtríú tír a sheirbhísí ná a ghníomhaíochtaí a sholáthar d’eintitis atá bunaithe san Aontas chun críocha Airteagal 4 go dtí go mbeidh aitheantas tugtha ag ÚEUM dó i gcomhréir leis na ceanglais a leagtar síos i mír 4 den Airteagal seo.