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Recital 3

Recital 3

(3)The registration fee or extension-of-registration fee payable by a securitisation repository that offers ancillary services after registration should take account of those ancillary services. Conversely, a securitisation repository that stops offering ancillary services after registration should not have its registration fee or extension-of-registration fee reimbursed as ESMA will already have incurred the cost for the assessment of the application.

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