1. A trade repository shall register with the FCA for the purposes of Article 9.
2. To be eligible to be registered under this Article, a trade repository shall be a legal person established in the United Kingdom and meet the requirements laid down in Title VII.
3.[deleted]
4. A registered trade repository shall comply at all times with the conditions for registration. A trade repository shall, without undue delay, notify the FCA of any material changes to the conditions for registration.