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Recital 40

Recital 40

(40)To reduce the burden on CCPs and ESMA, it should be clarified that where ESMA undertakes a review of a third-country CCP’s recognition, that third-country CCP should not be obliged to submit a new application for recognition. It should, however, provide ESMA with all information necessary for such review. Consequently, ESMA’s review of a third-country CCP’s recognition should not be treated as a new recognition of that third-country CCP.

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