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