1.The applicant dataAPA reportingor services providerARM shall submit an application providing all information necessary to enable ESMA, oror, where relevant, the national competent authority where relevant,authority, to confirm that the dataAPA reportingor services providerARM has established,put in place, at the time of initial authorisation, all the necessary arrangements to meet its obligations underpursuant the provisions ofto this Title, including a programme of operations setting out,interout, inter alia, the types of services envisaged and the organisational structure.
2.ESMA, oror, where relevant, the national competent authority where relevant,authority, shall assess whether the application for authorisation is complete within 20 working days of receipt of the application.
Where the application is not complete, ESMA, oror, where relevant, the national competent authority where relevant,authority, shall set a deadline by which the dataAPA reportingor services providerARM is to provide additional information.
After assessing anthe application as complete, ESMA, oror, where relevant, the national competent authority where relevant,authority, shall notify the dataAPA reportingor services providerARM accordingly.
3.ESMA, oror, where relevant, the national competent authority where relevant,authority, shall, within six months from theof receipt of a complete application, assess the compliance of the dataAPA reportingor services providerARM with this Title. It shall adopt a fully reasoned decision granting or refusing authorisation and shall notify the applicant dataAPA serviceor providerARM accordingly within five working days.days of adoption.
4.ESMA shall develop draft regulatory technical standards to determine:
(a)the information to be provided under paragraph 1, including the programme of operations;
(b)the information to be included in the notifications underreferred to in Article 27f(2).27f(2) as regards APAs and ARMs.
Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
5.ESMA►M7ESMA shall develop draft implementing technical standards to determine standard forms, templates and procedures for the notificationinformation orto provision of informationbe provided forpursuant into paragraph 1 of this Article and the information to be included in the notifications referred to in Article 27f(2).27f(2) as regards APAs and ARMs.◄
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1095/2010.