(2)Where an entity that is not already registered as a trade repository submits, at the same time, applications for registration as a trade repository and as a securitisation repository, the costs incurred by ESMA when processing those applications simultaneously would also be lower owing to synergies. Where such applications are submitted simultaneously, the securitisation repository should pay the full fee pursuant to Regulation (EU) No 648/2012 or Regulation (EU) 2015/2365, as applicable, for registration as a trade repository while a reduced extension-of-registration fee should be payable for registration as a securitisation repository.