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Recital 37

Recital 37

(37)Central bank(s) of issue should provide ESMA with confirmation whether or not a Tier 2 CCP complies with any additional requirements as quickly as possible and in any case within 30 working days of the determination that a third-country CCP is not a Tier 1 CCP or, within 90 working days of the imposition of additional requirements where those requirements have been imposed after a Tier 2 CCP has been recognised.

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