13. To apply the previous paragraph, issuers and competent authorities should take into account all …

To apply the previous paragraph, issuers and competent authorities should take into account all of the following criteria:

• a. the size, complexity, nature and business model of the issuer;
• b. the classification of the asset-referenced token or e-money token issued as significant pursuant to Articles 43 and 44 and Articles 56 and 57 of Regulation (EU) 2023/1114;
• c. for issuers of asset-referenced tokens, the size, volatility, composition, concentration and nature of the reserve assets and of the asset-referenced token itself;
• d. for issuers of e-money tokens, the size, volatility, composition, and concentration of the assets backing the funds received;
• e. the significance and risk profiles of Crypto Asset Service Providers used in rendering the services related to the asset-referenced tokens or e-money tokens issued by the respective issuer;
• f. the significance and risk profiles of DLT networks which are used by the respective issuer in order to issue asset-referenced tokens or e-money tokens through them;
• g. the risk profile of third party providers other than Crypto Asset Service Providers and DLT networks which provide a significant or a critical ICT service to the respective issuer.

1. Overview

1.1 References

• Article 56 Classification of e-money tokens as significant e-money tokens
• Article 57 Voluntary classification of e-money tokens as significant e-money tokens

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/