Recitals
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories [OJ L 201, 27.7.2012, p. 1.] and in particular Article 56(4), fourth subparagraph, thereof,
Whereas:
(1) Commission Implementing Regulation (EU) No 1248/2012 [Commission Implementing Regulation (EU) No 1248/2012 of 19 December 2012 laying down implementing technical standards with regard to the format of applications for registration of trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (OJ L 352, 21.12.2012, p. 30).] lays down a uniform format for applications for registration of trade repositories. The use of the uniform format provided in that Regulation has proved to be efficient for trade repositories to provide information to the European Securities and Markets Authority regarding the application for registration of a trade repository. As the information to be provided in the application for the extension of registration as trade repository is similar to the equivalent information to be provided when applying for a registration as trade repository, the same uniform format is suitable for both applications.