63. When an asset-referenced token or an e-money token is issued by multiple issuers, all issuers …

When an asset-referenced token or an e-money token is issued by multiple issuers, all issuers should include in their recovery plan how they will ensure effective coordination among the respective recovery plans. In particular, issuers should establish in their recovery plan appropriate measures aimed at ensuring that:

• a) recovery plan indicators are aligned to the maximum possible extent;
• b) thresholds of token-related recovery plan indicators are set at the same level;
• c) recovery options laid down in each plan are consistent with each other;
• d) the activation and execution of the respective recovery plans is agreed and coordinated among all issuers;
• e) the implementation of certain recovery options by one of the issuers does not unduly impact on the implementation of other recovery options by the other issuers;
• f) the execution of the recovery plans is done in a way that all token holders are treated fairly and equally.

1. Overview

1.1 References

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/