Recital 1

(1)Commission Implementing Regulation (EU) No 1248/2012 ² lays down a uniform format for applications for registration of trade repositories. The use of the uniform format provided in that Regulation has proved to be efficient for trade repositories to provide information to the European Securities and Markets Authority regarding the application for registration of a trade repository. As the information to be provided in the application for the extension of registration as trade repository is similar to the equivalent information to be provided when applying for a registration as trade repository, the same uniform format is suitable for both applications.