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Recital 49

Recital 49

(49)ESMA should be mandated to develop draft regulatory technical standards to further specify the criteria for assessing an application for registration by an external reviewer, including the management of conflicts of interest, and the provision of information by that external reviewer to determine its level of compliance with this Regulation. The Commission should be empowered to adopt those regulatory technical standards by means of delegated acts pursuant to Article 290 TFEU and in accordance with Regulation (EU) No 1095/2010.

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