+Article 35 3.

Article 35 3.

The competent authority of the home Member State may require an issuer of an asset-referenced token to hold an amount of own funds which is up to 20 % higher than the amount resulting from the application of paragraph 1, first subparagraph, point (b), where an assessment of any of the following indicates a higher degree of risk:

(a) 

the evaluation of the risk-management processes and internal control mechanisms of the issuer of the asset-referenced token as referred to in Article 34(1), (8) and (10);

(b) 

the quality and volatility of the reserve of assets referred to in Article 36;

(c) 

the types of rights granted by the issuer of the asset-referenced token to holders of the asset-referenced token in accordance with Article 39;

(d) 

where the reserve of assets includes investments, the risks posed by the investment policy on the reserve of assets;

(e) 

the aggregate value and number of transactions settled in the asset-referenced token;

(f) 

the importance of the markets on which the asset-referenced token is offered and marketed;

(g) 

where applicable, the market capitalisation of the asset-referenced token.

1. Übersicht

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1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards