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+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);
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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. Prezentare generală
1.1 Referințe1.2 Cerințe identificate1.3 Standarde asociate2. Cerințe identificate
3. Standarde asociate
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