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11. The conditions are—
(a)the person is a body corporate which, immediately before exit day, is—
(i)incorporated under the law of any part of the United Kingdom, and
(ii)included within a group of undertakings which comprises a trade repository registered under the European Markets Infrastructure Regulation;
(b)the person has—
(i)submitted an advance application in accordance with regulation 5, whether or not the application complies with the directions under regulation 5(2)(b), and
(ii)not been notified by the FCA of its decision in respect of the application in accordance with regulation 7(4).
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