Article 3 Receipt of the application for authorisation and acknowledgement of receipt

This article follows on from Article 2, which covers the submission of the application for authorisation as a crypto-asset service provider, and deals with what happens immediately after that submission is received.

It places a straightforward obligation on competent authorities to confirm receipt of an application and to ensure the applicant knows who is handling their case.

Important points:

• Competent authorities are required to send an acknowledgement of receipt to the applicant, which can be done electronically, on paper, or both.
• Competent authorities are required to include in that acknowledgement the contact details of the specific department, function, or staff member handling the application.
• This article creates a direct communication link between the competent authority and the applicant from the outset of the authorisation process.