Recital 4

(4)Details of a simplified application for the extension of registration should be established to allow the trade repositories already registered under Regulation (EU) 2015/2365 of the European Parliament and of the Council ⁵ to have their registration extended under Regulation (EU) No 648/2012. To avoid any duplication of requirements, the trade repositories applying for an extension of registration should only be required to provide information on the adaptations to their systems, processes and resources necessary to ensure they comply with the requirements of Regulation (EU) No 648/2012.