Article 1 Designation of a contact point

This opening article establishes a basic but essential administrative requirement that sits directly in support of the authorisation process for crypto-asset service providers set out in Article 62 of Regulation (EU) 2023/1114.

It requires competent authorities to set up a dedicated contact point for receiving authorisation applications, and to ensure that this contact information is both current and publicly accessible.

Important points:

• Competent authorities are required to designate a specific contact point for receiving crypto-asset service provider authorisation applications.
• Competent authorities are required to keep the contact details of that point up-to-date and publish them on their websites.
• This article serves a transparency and accessibility function, ensuring applicants can easily identify where and to whom applications should be directed.