2.An application for registration as a trade repository shall contain a financial business plan contemplating different business scenarios for the trade repository services over a minimum three years' reference period and including the following additional information:
(a)the expected level of reporting activity in number of transactions;
(b)the relevant fixed and variable costs identified with respect to the provision of repository services under Regulation (EU) No 648/2012;
(c)positive and negative variations of at least 20 % from the base activity scenario identified.