+Article 17 1.

Article 17 1.

An asset-referenced token issued by a credit institution may be offered to the public or admitted to trading if the credit institution:

(a) 

draws up a crypto-asset white paper as referred to in Article 19 for the asset-referenced token, submits that crypto-asset white paper for approval by the competent authority of its home Member State in accordance with the procedure set out in the regulatory technical standards adopted pursuant to paragraph 8 of this Article, and has the crypto-asset white paper approved by the competent authority;

(b) 

notifies the respective competent authority, at least 90 working days before issuing the asset-referenced token for the first time, by providing it with the following information:

(i) 

a programme of operations, setting out the business model that the credit institution intends to follow;

(ii) 

a legal opinion that the asset-referenced token does not qualify as either of the following:

— 
a crypto-asset excluded from the scope of this Regulation pursuant to Article 2(4);
— 
an e-money token;
(iii) 

a detailed description of the governance arrangements referred to in Article 34(1);

(iv) 

the policies and procedures listed in Article 34(5), first subparagraph;

(v) 

a description of the contractual arrangements with third-party entities as referred to in Article 34(5), second subparagraph;

(vi) 

a description of the business continuity policy referred to in Article 34(9);

(vii) 

a description of the internal control mechanisms and risk management procedures referred to in Article 34(10);

(viii) 

a description of the systems and procedures in place to safeguard the availability, authenticity, integrity and confidentiality of data referred to in Article 34(11).

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards