415. Article 56(4) EMIR as amended by EMIR REFIT has been updated to include an empowerment for ESMA to develop an ITS specifying “the format of the application for an extension of the registration referred to in point (b) of paragraph 1”. This empowerment is in addition with the previously exisiting one to develop an ITS specifying the format of the application for registration.

416. The empowerment in Article 56(4) EMIR is covered by the current ITS on registration. Besides the inclusion of “extension of registration”, ESMA understands that the wording of the current ITS on registration provides a solid basis with regards to the format of the application for registration. ESMA therefore proposes to add a reference to the applications for extension of registration in all the paragraphs of Article 1. Furthermore, ESMA updates also the references to registration to include the extension of registration in the Annex to the ITS on registration.

417. Moreover, this amendment of the current ITS on registration aligns it with the ITS on registration under SFTR.

Q125. Do you believe that there are any other aspects that need to be covered by the draft ITS on registration under EMIR? Please detail the reasons for your response.