Article 4 Notification of changes

This article establishes ongoing notification obligations that apply both during the application process and after authorisation has been granted.

It builds directly on Article 2, which sets out the initial application process, by addressing what happens when information changes.

The core principle is that neither applicants nor authorised crypto-asset service providers can simply submit their information once and leave it static — any changes must be reported to the competent authority.

A notable procedural consequence is also established: when an applicant submits updated information during the application phase, this resets the clock on the authority's decision-making timeline.

Important points:

• Notify the competent authority of any changes to your application information without undue delay, using the same form from the Annex.
• Be aware that submitting updated information during the application process resets the decision deadline under Article 63(9) of Regulation (EU) 2023/1114, starting it from the date the authority receives the update.
• Authorised crypto-asset service providers are also required to notify the competent authority of any changes to the information on which their authorisation was based.