Source: OJ L, 2024/2984, 3.12.2024Current language: EN
- Markets in crypto-assets
ART/EMT issuer
- ITS on crypto-asset white papers
Annex TEMPLATES FOR THE CRYPTO-ASSET WHITE PAPERS
Table 1
Legend for Tables 2, 3 and 4
SYMBOL
DATA TYPE
DEFINITION
{ALPHANUM-n}
Up to n alphanumerical characters
Free text field.
{CFI_CODE}
6 characters
ISO 10962 CFI code
{COUNTRYCODE_2}
2 alphanumerical characters
2 letter country code, as defined by ISO 3166-1 alpha-2 country code
{CURRENCYCODE_3}
3 alphanumerical characters
3 letter currency code, as defined by ISO 4217 currency codes
{DATE_TIME_FORMAT}
ISO 8601 date and time format
Date and time in the following format:
YYYY-MM-DDThh: mm:ss.ddddddZ.
‘YYYY’ is the year;kos
‘MM’ is the month;
‘DD’ is the day;
‘T’ – means that the letter ‘T’ shall be used‘T’ – means that the letter ‘T’ shall be used
‘hh’ is the hour;
‘mm’ is the minute;
‘ss.dddddd’ is the second and its fraction of a second;
Z is UTC time.
Dates and times shall be reported in UTC.
{DATEFORMAT}
ISO 8601 date format
Dates shall be formatted in the following way: YYYY-MM-DD.
{DECIMAL-n/m}
Decimal number of up to n digits in total of which up to m digits can be fraction digits
Numerical field for both positive and negative values.
decimal separator is ‘.’ (full stop);
negative numbers are prefixed with ‘-’ (minus); Values are rounded and not truncated.
{DTI}
9 alphanumerical characters
Digital token identifier as defined in ISO 24165 standard
{DURATION}
3 characters
Represents a duration of time expressed as number of days.
{INTEGER-n}
Integer number of up to n digits in total
Numerical field for integer values.
{ISIN}
12 alphanumerical characters
ISIN code, as defined in ISO 6166 standard
{LEI}
20 alphanumerical characters
Legal entity identifier as defined in ISO 17442 standard
{MIC}
4 alphanumerical characters
Market identifier as defined in ISO 10383
Table 2
Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens
No
FIELD
CONTENT TO BE REPORTED
FORM AND STANDARDS TO BE USED FOR REPORTING
00
Table of contents
Table of contents
Alphanumerical text
01
Date of notification
Date of notification
YYYY-MM-DD
02
Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114
Regarding offerors:
Regarding the persons seeking admission to trading:
Regarding the operators of trading platforms:
Predefined alphanumerical text
03
Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114
Predefined alphanumerical text
04
Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114
Predefined alphanumerical text
05
Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114
‘true’ – Yes
‘false’ – Not applicable
If Yes, Predefined alphanumerical text
06
Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114
The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council or the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.
Predefined alphanumerical text
SUMMARY
07
Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114
Predefined alphanumerical text
08
Characteristics of the crypto-asset
A brief, clear and non-technical description of the characteristics of the crypto asset including information about rights and obligations of the purchaser, procedure and conditions for the exercise of those rights and conditions, if any, under which these rights and obligations may be modified.
Free alphanumerical text
09
Only applicable if field 05 is true. Information about the quality and quantity of goods or services to which the utility tokens give access and restrictions on the transferability.
Free alphanumerical text
10
Key information about the offer to the public or admission to trading
A brief and non-technical description of the offer to the public including information about the amount of the offer, including, where applicable, any minimum and maximum target subscription goals, issue price of the crypto-asset and subscription fees, the total number of crypto-assets to be offered; prospective holders; description, where applicable, of the various phases of the offer to the public of crypto-assets, including information on discounted purchase price for early purchasers of crypto-assets and subscription period.
When applicable, the name of the crypto-asset service provider in charge of the placing of crypto-assets and the form of such placement (with or without a firm commitment basis);
When applicable, a brief and non-technical description of the admission to trading, including the name of the trading platform for which the admission is sought.
Free alphanumerical text
Part A - Information about the offeror or the person seeking admission to trading
A.1
Name
Name
Free alphanumerical text
A.2
Legal form
Only applicable if a (LEI) is not provided in field A.6
Legal form
ISO standard 20275 ‘Financial Services – Entity Legal Forms (ELF)’
A.3
Registered address
Only applicable if a legal entity identifier is not provided in field A.6
Address and country of registration
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
A.4
Head office
Only applicable if an LEI is not provided in field A.6
Address and country of the Head office, where different than registered address
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
A.5
Registration date
Date of the registration
ISO 8601 date format (YYYY-MM-DD)
A.6
Legal entity identifier
Legal entity identifier of the offeror or person seeking admission to trading, when available
{LEI}
A.7
Another identifier required pursuant to applicable national law
Field to be filled in only if a legal entity identifier is not provided in field A.6.
National identifier based on the nationality of the offeror or the person seeking admission to trading, if required under the applicable national law.
This field only applies to entities for which a national identifier is required in accordance with applicable national law.
Free text
A.8
Contact telephone number
Contact telephone number of the offeror or the person seeking admission to trading
Free alphanumerical text
A.9
E-mail address
E-mail address of the offeror or the person seeking admission to trading
Free alphanumerical text
A.10
Response time (Days)
Period of days within which an investor will receive an answer via that telephone number or e-mail address
{DURATION}
A.11
Parent company
Field to be filled in only if a legal entity identifier is not provided in field A.6
Where applicable, the name of the parent company
Free alphanumerical text
A.12
Members of the management body
Identity, business address and functions of each person that is member of the management body, as defined in Article 3(1), point (27), of Regulation (EU) 2023/1114, of the offeror or the person seeking admission to trading
Free alphanumerical text presented in a tabular format
A.13
Business activity
Business or professional activity of the offeror or person seeking admission to trading
Free alphanumerical text
A.14
Parent company business activity
Where applicable, business or professional activity of the parent company, including principal activities and principal markets
Free alphanumerical text
A.15
Newly established
Indication as to whether the offeror or person seeking admission to trading has been established for the past three years
‘true’ – Yes
‘false’ – No
A.16
Financial condition for the past three years
Where the offeror or person seeking admission to trading has been established for the past three years, the financial condition of the offeror or person seeking admission to trading over the past three years.
This shall be assessed based on a fair review of the development and performance of the business of the offeror or person seeking admission to trading and of its position for each year and interim period for which historical financial information is required, including the causes of material changes.
The review shall be a balanced and comprehensive analysis of the development and performance of the business of the offeror or person seeking admission to trading and of its position, consistent with the size and complexity of the business.
Free alphanumerical text
A.17
Financial condition since registration
Where the offeror or person seeking admission to trading has not been established for the past three years, description of its financial condition since the date of its registration.
This shall be assessed based on a fair review of the development and performance of the business of the offeror or person seeking admission to trading and of its position for each year and interim period for which historical financial information is available, including the causes of material changes.
The review shall be a balanced and comprehensive analysis of the development and performance of the business of the offeror or person seeking admission to trading and of its position, consistent with the size and complexity of the business.
Free alphanumerical text
Part B - Information about the issuer, if different from the offeror or person seeking admission to trading
B.1
Issuer different from offeror or person seeking admission to trading
Indication as to whether the issuer is different from the offeror or person seeking admission to trading
‘true’ – Yes
‘false’ – No
B.2
Name
Name
Free alphanumerical text
B.3
Legal form
Field to be filled in only if an LEI is not provided in field B.7
Legal form
ISO standard 20275 ‘Financial Services – Entity Legal Forms (ELF)’
B.4
Registered address
Field to be filled in only if an LEI is not provided in field B.7
Address and country of registration
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
B.5
Head office
Field to be filled in only if an LEI is not provided in field B.7
Address of the Head office, where different than registered address
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
B.6
Registration date
Date of the registration
ISO 8601 date format (YYYY-MM-DD)
B.7
Legal entity identifier
Legal entity identifier of the issuer, where available
{LEI}
B.8
Another identifier required pursuant to applicable national law
Field to be filled in only if a legal entity identifier is not provided in field B.7.
National identifier based on the nationality of the issuer, if required under the applicable national law
This field only applies to entities for which a national identifier is required under applicable national law
Free text
B.9
Parent company
Field to be filled in only if an LEI is not provided in field B.7
Where applicable, the name of the parent company
Free alphanumerical text
B.10
Members of the management body
Identity, business address and functions of each of the persons that are members of the management body, as defined in Article 3(1), point (27), of Regulation (EU) 2023/1114, of the issuer
Free alphanumerical text presented in a tabular format
B.11
Business activity
Business or professional activity of the issuer
Free alphanumerical text
B.12
Parent company business activity
Where applicable, business or professional activity of the parent company
Free alphanumerical text
Part C- Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
C.1
Name
Name
Free alphanumerical text
C.2
Legal form
Field to be filled in only if an LEI is not provided in field C.6
Legal form
ISO standard 20275 ‘Financial Services – Entity Legal Forms (ELF)’
C.3
Registered address
Field to be filled in only if an LEI is not provided in field C.6
Address of registration
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
C.4
Head office
Field to be filled in only if an LEI is not provided in field C.6
Address of the Head office, where different than registered address
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
C.5
Registration date
Date of the registration
ISO 8601 date format (YYYY-MM-DD)
C.6
Legal entity identifier
Legal entity identifier of the operator of the trading platform
{LEI}
C.7
Another identifier required pursuant to applicable national law
National identifier based on the nationality of the issuer, if required under the applicable national law.
This field only applies to entities for which a national identifier is required under applicable national law.
Free text
C.8
Parent company
Field to be filled in only if an LEI is not provided in field C.6
Where applicable, the name of the parent company
Free alphanumerical text
C.9
Reason for crypto-Asset white paper Preparation
The reason why the operator of the trading platform drew up the crypto-asset white paper
Free alphanumerical text
C.10
Members of the Management body
Identity (name or other identifiers), business address and functions of each of the persons that are members of the management body, as defined in Article 3(1), point (27), of Regulation (EU) 2023/1114, of the operator of the trading platform
Free alphanumerical text presented in a tabular format
C.11
Operator business activity
Business or professional activity of the operator, including principal activities and principal markets
Free alphanumerical text
C.12
Parent company business activity
Where applicable, business or professional activity of the parent company, including principal activities and principal markets
Free alphanumerical text
C.13
Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
Where different from the offeror, person seeking admission to trading, issuer, or operator of the trading platform, indication of the identity of the person drawing up the crypto-asset white paper
Free alphanumerical text
C.14
Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114
Where the white paper is drawn up by a person different from the offeror, person seeking admission to trading, issuer, or operator of the trading platform, reason for drawing up the white paper
Free alphanumerical text
Part D- Information about the crypto-asset project
D.1
Crypto-asset project name
Name of the crypto-asset project, if different from the name of the offeror or person seeking admission to trading
Free alphanumerical text
D.2
Crypto-assets name
Field to be filled in only if a Digital Token Identifier (DTI) is not provided in field F.13.
Name of the crypto-assets, if different from the name of the offeror or person seeking admission to trading
Free alphanumerical text
D.3
Abbreviation
Field to be filled in only if a DTI is not provided in field F.13.
Abbreviation or ticker handler
Free alphanumerical text
D.4
Crypto-asset project description
A brief description of the crypto-asset project
Free alphanumerical text
D.5
Details of all natural or legal persons involved in the implementation of the crypto-asset project
Details of advisors, development team, crypto-assets service providers and other persons involved in the implementation of the crypto-asset project, including business addresses or domicile of the company
Free alphanumerical text presented in a tabular format
D.6
Utility Token Classification
Indication as to whether the crypto-asset project concerns utility tokens
‘true’ – Yes
‘false’ – No
D.7
Key Features of Goods/Services for Utility Token Projects
Where applicable, key features of the goods or services to be developed for utility tokens crypto-asset projects
Free alphanumerical text
D.8
Plans for the token
Information about the crypto-asset project, including the description of the past and future milestones
Free alphanumerical text
D.9
Resource allocation
Where applicable, information about resources, including financial resources, already allocated to the project
Free alphanumerical text
D.10
Planned use of Collected funds or crypto-Assets
Where applicable, planned use of any funds or other crypto-assets collected
Free alphanumerical text
Part E - Information about the offer to the public of crypto-assets or their admission to trading
E.1
Public offering or admission to trading
Indication as to whether the crypto-asset white paper concerns an offer to the public of crypto-assets or their admission to trading
‘OTPC’ - offer to the public
‘ATTR’ - admission to trading
E.2
Reasons for public offer or admission to trading
The reasons for the offer to the public or for seeking admission to trading, including the planned use of the funds or other crypto assets collected
Free alphanumerical text
E.3
Fundraising target
Where applicable, the amount that the offer to the public intends to raise in funds or in any other crypto-asset in an official currency or any other crypto-assets
Amount in monetary value {DECIMAL-18/3}
Or
Numerical {INTEGER-n}
E.4
Minimum subscription goals
Where applicable, minimum subscription goals set for the offer to the public of the crypto-assets in an official currency or any other crypto-assets
Amount in monetary value {DECIMAL-18/3}
or
Numerical {INTEGER-n}
E.5
Maximum subscription goals
Where applicable, any maximum target subscription goals set for the offer to the public of the crypto-assets in an official currency or any other crypto-assets
Amount in monetary value {DECIMAL-18/3}
or
Numerical {INTEGER-n}
E.6
Oversubscription acceptance
Indication whether oversubscriptions are accepted
‘true’- Yes
‘false’ – No
E.7
Oversubscription allocation
Where oversubscriptions are accepted, a description of how they are allocated
Free alphanumerical text
E.8
Issue price
The issue price of the crypto-asset being offered to the public in an official currency or any other crypto-assets
Amount in monetary value{DECIMAL-18/3}
Or
Numerical {INTEGER-n}
E.9
Official currency or any other crypto-assets determining the issue price
The official currency or any other crypto-assets on the basis of which the issue price of the crypto asset is being offered to the public
{CURRENCYCODE_3}
or
{DTI}
E.10
Subscription fee
Any applicable subscription fee in an official currency or any other crypto-assets
Amount in monetary value {DECIMAL-18/3}
Or
Numerical {INTEGER-n}
E.11
Offer price determination method
Method in accordance with which the offer price will be determined
Free alphanumerical text
E.12
Total number of offered/traded crypto-assets
Where applicable, the total number of crypto-assets to be offered to the public or admitted to trading
Numerical {INTEGER-n}
E.13
Targeted holders
Indication of the prospective holders targeted by the offer to the public of the crypto-asset or admission of such crypto-asset to trading
‘RETL’ – retail investors
‘PROF’ – professional investors
‘ALL’ – all types of investors
E.14
Holder restrictions
Indication of any restriction as regards the type of holders for such crypto-asset
Free alphanumerical text
E.15
Reimbursement notice
‘Purchasers participating in the offer to the public of crypto-asset will be able to be reimbursed if the minimum target subscription goal is not reached at the end of the offer to the public, if they exercise the right to withdrawal provided for in Article 13 of Regulation (EU) 2023/1114 of the European Parliament and of the Council or if the offer is cancelled’
Predefined alphanumerical text
E.16
Refund mechanism
Detailed description of the refund mechanism
Free alphanumerical text
E.17
Refund timeline
Expected timeline of when the refunds will be completed
Free alphanumerical text
E.18
Offer phases
Information about the various phases of the offer to the public of the crypto-asset
Free alphanumerical text
E.19
Early purchase discount
Information on discounted purchase price for early purchasers of the crypto-asset - (pre-public sales) and in the case of discounted purchase price for some purchasers, an explanation as to why the purchase prices may be different and a description of the impact on the other investors
Free alphanumerical text
E.20
Time-limited offer
Indication whether the offer is time-limited
‘true’- Yes
‘false’ – No
E.21
Subscription period
beginning
For time-limited offers, the beginning of the subscription period during which the offer to the public is open
ISO 8601 date format (YYYY-MM-DD)
E.22
Subscription period end
For time-limited offers, the end of the subscription period during which the offer to the public is open
ISO 8601 date format (YYYY-MM-DD)
E.23
Safeguarding arrangements for offered funds/crypto-Assets
The arrangements to safeguard funds or other crypto-assets as referred to in Article 10 of Regulation (EU) 2023/1114 during the time-limited offer to the public or during the withdrawal period
Free alphanumerical text
E.24
Payment methods for crypto-asset purchase
Methods of payment to purchase the crypto-assets
Free alphanumerical text
E.25
Value transfer methods for reimbursement
Methods of transfer of the value to the purchasers when they are entitled to be reimbursed
Free alphanumerical text
E.26
Right of withdrawal
In the case of offers to the public , information on the right of withdrawal as referred to in Article 13 of Regulation (EU) 2023/1114
Free alphanumerical text
E.27
Transfer of purchased crypto-assets
Manner of transferring purchased crypto-assets to the holders
Free alphanumerical text
E.28
Transfer time schedule
Time schedule of transferring purchased crypto-assets to the holders
ISO 8601 date format (YYYY-MM-DD)
E.29
Purchaser's technical requirements
Information about technical requirements that the purchaser is required to fulfil to hold the crypto-assets
Free alphanumerical text
E.30
Crypto-asset service provider (CASP) name
Where applicable, the name of the crypto-asset service provider (CASP) in charge of the placing of crypto-assets
Free alphanumerical text
E.31
CASP identifier
The legal entity identifier of the crypto-asset service provider in charge of the placing of crypto-assets
{LEI}
E.32
Placement form
Where applicable, the form of the placement
‘WITH- with a firm commitment basis
‘WOUT’ - without a firm commitment basis
‘NTAV’ - Not applicable
E.33
Trading platforms name
Where applicable, the name of the trading platforms for crypto-assets where admission to trading is sought
Free alphanumerical text
E.34
Trading platforms
Market identifier code (MIC)
Segment MIC for the trading platform where the admission to trading of the crypto-assets is sought.
{MIC}
E.35
Trading platforms access
Where applicable, information about how investors can access the trading platforms
Free alphanumerical text
E.36
Involved costs
Where applicable, information about the costs involved in relation to the access of investors to the trading platforms
Free alphanumerical text
E.37
Offer expenses
Expenses related to the offer to the public of crypto-assets, in an official currency or any other crypto-assets. If more than one type of offer expense, expenses should be presented in a tabular format
Free alphanumerical text and Amount in monetary value {DECIMAL-18/3}
E.38
Conflicts of interest
Potential conflicts of interest of the persons involved in the offer to the public or admission to trading, arising in relation to the offer or admission to trading
Free alphanumerical text
E.39
Applicable law
The law applicable to the offer to the public of the crypto-asset
Drop-down list of applicable laws
E.40
Competent court
Competent court
Free alphanumerical text
Part F - Information about the crypto-assets
F.1
Crypto-asset type
The type of crypto-asset that will be offered to the public or for which admission to trading is sought
Free alphanumerical text
F.2
Crypto-asset functionality
A description of the functionality of the crypto-assets being offered or admitted to trading
Free alphanumerical text
F.3
Planned application of functionalities
Information about when the functionalities of the crypto-assets being offered or admitted to trading are planned to apply
Free alphanumerical text
A description of the characteristics of the crypto-asset, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article
F.4
Type of crypto-asset white paper
The type of white paper notified
OTHR
F.5
The type of submission
Type of submission
NEWT = New
MODI = Modify
EROR = Error
CORR = Correction
F.6
Crypto-asset characteristics
A description of the characteristics of the crypto-asset
Free alphanumerical text
F.7
Commercial name or trading name
Field to be filled in only if a DTI is not provided in field F.13.
Commercial name or trading name of the issuer.
Free alphanumerical text
F.8
Website of the issuer
Website of the issuer
Free alphanumerical text
F.9
Starting date of offer to the public or admission to trading
Starting date or, if not available at the time of the notification by the competent authority, the intended starting date of offer to the public or admission to trading.
YYYY-MM-DD
F.10
Publication date
Effective or intended publication date of the crypto-asset white paper or of the modified white paper
YYYY-MM-DD
F.11
Any other services provided by the issuer
Any other services provided by the issuer not covered by Regulation (EU) 2023/1114, with a reference to the applicable Union or national legal acts regulating those services
Free alphanumerical text
F.12
Language or languages of the crypto-asset white paper
Language or languages in which the crypto-asset white paper is drafted
When multiple languages have been used, this field shall be reported as many times as necessary
Closed list of EU languages
F.13
Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available
Code used to uniquely identify the crypto-asset or each of the several crypto assets to which the crypto-asset white paper relates, where available
ISO 24165 Digital Token Identifier
F.14
Functionally fungible group digital token identifier, where available
Code used to uniquely identify the functionally fungible group to which the digital asset belongs (i.e., common to each of the several assets to which the white paper relates, i.e. Code used to identify the white paper ISO 24165 DTI of type = 3 (i.e., functionally fungible group), where available
ISO 24165 FFG DTI
F.15
Voluntary data flag
Flag indicating the mandatory or voluntary nature of the crypto-asset white paper provided for in Article 4(8) of Regulation (EU) 2023/1114
‘true’ – voluntary
‘false’ – mandatory
F.16
Personal data flag
Flag indicating if the submitted white paper contains personal data
‘true’ – Yes
‘false’ – No
F.17
LEI eligibility
Indication that the issuer is eligible for a Legal Entity Identifier
‘true’ – eligible
‘false’ – not eligible
F.18
Home Member State
Home Member State as defined in Article 3(1), point (33), of Regulation (EU) 2023/1114
Closed list of EU Member States
F.19
Host Member States
Host Member State as defined in Article 3(1), point (34), of Regulation (EU) 2023/1114
Closed list of EU Member States
Part G - Information on the rights and obligations attached to the crypto-assets
G.1
Purchaser rights and obligations
A description of the rights and obligations, if any, of the purchaser
Free alphanumerical text
G.2
Exercise of rights and obligations
Procedure and conditions for the exercise of rights
Free alphanumerical text
G.3
Conditions for modifications of rights and obligations
Description of the conditions under which the rights and obligations may be modified
Free alphanumerical text
G.4
Future public offers
Where applicable, information on the future offers to the public of crypto-assets by the issuer
Free alphanumerical text
G.5
Issuer retained crypto-assets
Where applicable, information on the number of crypto-assets retained by the issuer itself
Numerical {INTEGER-n}
G.6
Utility token classification
Indication as to whether the offer to the public of crypto-assets or their admission to trading concerns utility tokens
‘true’ – Yes
‘false’ – No
G.7
Key features of goods/services of utility tokens
Information about the quality and quantity of goods or services to which the utility tokens give access
Free alphanumerical text
G.8
Utility tokens redemption
Only applicable if field G.6 is true.
Information on how utility tokens can be redeemed for goods or services to which they relate
Free alphanumerical text
G.9
Non-trading request
Indication whether an admission to trading is sought
‘true’ – sought
‘false’ – not sought
G.10
Crypto-assets purchase or sale modalities
Where an admission to trading is not sought, information on how and where the crypto-assets can be purchased or sold after the offer to the public
Free alphanumerical text
G.11
Crypto-assets transfer restrictions
Restrictions on the transferability of the crypto-assets that are being offered or admitted to trading
Free alphanumerical text
G.12
Supply adjustment protocols
Indication as to whether the crypto-asset has protocols for the increase or decrease of its supply in response to changes in demand
‘true’ – Yes
‘false’ – No
G.13
Supply adjustment mechanisms
Where the crypto-asset has protocols for the increase or decrease of its supply in response to changes in demand, a description of the functioning of such protocols
Free alphanumerical text
G.14
Token value protection schemes
Indication as to whether the crypto-asset has a protection scheme protecting the value of the crypto-asset
‘true’ – Yes
‘false’ – No
G.15
Token value protection schemes description
Where the field G.14 is true, a description of the protection schemes protecting the value of the crypto-assets
Free alphanumerical text
G.16
Compensation schemes
Indication as to whether the crypto-asset has a compensation scheme
‘true’ – Yes
‘false’ – No
G.17
Compensation schemes
description
Where the field G.16 is true, a description of the compensation schemes
Free alphanumerical text
G.18
Applicable law
The law applicable to the crypto-assets
Drop-down list of applicable laws
G.19
Competent court
Competent court
Free alphanumerical text
Part H – information on the underlying technology
H.1
Distributed ledger technology (DTL)
Field to be filled in only if a DTI is not provided in field F.13.
Information on the technology used, including distributed ledger technology
Free alphanumerical text
H.2
Protocols and technical standards
Information about protocols and technical standards used
Free alphanumerical text
H.3
Technology used
Other information on the technology used
Free alphanumerical text
H.4
Consensus mechanism
Information on the consensus mechanism, where applicable
Free alphanumerical text
H.5
Incentive mechanisms and applicable fees
Information on incentive mechanisms to secure transactions and any fees applicable
Free alphanumerical text
H.6
Use of distributed ledger technology
Indication as to whether the crypto-assets are issued, transferred and stored using distributed ledger technology that is operated by the issuer, the offeror or a third-party acting on their behalf
‘true’ – Yes, DLT operated by the issuer or a third-party acting on the issuer’s behalf
‘false’ – No, DLT not operated by the issuer or a third-party acting on the issuer’s behalf
H.7
DLT functionality description
If the DLT is operated by the issuer or a third party acting on the issuer’s behalf, a detailed description of the functioning of such distributed ledger technology
Free alphanumerical text
H.8
Audit
Indication as to whether an audit of the technology used was conducted
‘true’ – Yes
‘false’ – No
H.9
Audit outcome
If an audit was conducted, information on the outcome of the audit of the technology used
Free alphanumerical text
Part I – Information on risks
I.1
Offer-related risks
A description of the risks associated with the offer to the public of crypto-assets or their admission to trading
Free alphanumerical text
I.2
Issuer-related risks
A description of the risks associated with the issuer, if different from the offeror or person seeking admission to trading
Free alphanumerical text
I.3
Crypto-assets-related risks
A description of the risks associated with the crypto-assets
Free alphanumerical text
I.4
Project implementation-related risks
A description of the risks associated with project implementation
Free alphanumerical text
I.5
Technology-related risks
A description of the risks associated with the technology used
Free alphanumerical text
I.6
Mitigation measures
Mitigation measures of the risks associated with the technology, if any
Free alphanumerical text
Part J – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
J.1
Adverse impacts on climate and other environment-related adverse impacts
Information referred to Commission Delegated Regulation establishing technical standards adopted pursuant to Article 6(12), fourth subparagraph, Article 19(11), fourth subparagraph, Article 51(15), fourth subparagraph, and Article 66(6), fourth subparagraph of Regulation (EU) 2023/1114 of the European Parliament and of the Council
Free alphanumerical text
Table 3
Template for white papers for asset-referenced tokens
No
FIELD
CONTENT TO BE REPORTED
FORM AND STANDARDS
I.00
Table of contents
Table of contents
alphanumerical text
I.01
Date of notification
Date of notification
YYYY-MM-DD
I.02
Statement in accordance with Article 19(4), points (a) to (e), of Regulation (EU) 2023/1114
Predefined alphanumerical text
I.03
Compliance statement in accordance with Article 19(5) of Regulation (EU) 2023/1114
Predefined alphanumerical text
SUMMARY
I.04
Warning in accordance with Article 19(6), second subparagraph, of Regulation (EU) 2023/1114
Predefined alphanumerical text
I.05
Characteristics of the crypto-asset
A brief, clear and non-technical description of the characteristics of the asset-referenced token concerned in order to help prospective holders of that asset-referenced token make an informed decision
Free alphanumerical text
I.06
Right of redemption
‘The holders of asset-referenced tokens have a right of redemption at any time’
Description of the conditions for such redemption
Predefined alphanumerical text
Free alphanumerical text
I.07
Key information about the offer to the public and/or admission to trading
Key information about the offer to the public of the asset-referenced token or the intended admission to trading of the asset-referenced token
Free alphanumerical text
Part A – Information about the issuer of the asset-referenced token
A.1
Statutory name
Statutory name
Free alphanumerical text
A.2
Trading name
Trading name
Free alphanumerical text
A.3
Legal form
Field to be filled in only if an LEI is not provided in field A.7
Legal form
ISO standard 20275 ‘Financial Services – Entity Legal Forms (ELF)’
A.4
Registered address
Field to be filled in only if an LEI is not provided in field A.7
Address and country of registration
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
A.5
Head office
Field to be filled in only if an LEI is not provided in field A.7
Address and country of the Head office, where different than registered address
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
A.6
Registration date
Date of the registration
ISO 8601 date format (YYYY-MM-DD)
A.7
Legal entity identifier
Legal entity identifier of the issuer
{LEI}
A.8
Other identifier required pursuant to applicable national law
National identifier based on the nationality of the issuer, if required under the applicable national law.
This field only applies to entities for which a national identifieris required under applicable national law.
Free text
A.9
Parent company
Field to be filled in only if an LEI is not provided in field A.7
Where applicable, the name of the parent company
Free alphanumerical text
A.10
Members of the management body
Identity, business address and functions of each person that is member of the management body, as defined in Article 3(1), point (27), of Regulation (EU) 2023/1114, of the issuer
Free alphanumerical text presented in a tabular format
A.11
Business activity
Business or professional activity of the issuer,
Free alphanumerical text
A.12
Parent company business activity
Business or professional activity of the parent company (if applicable)
Free alphanumerical text
A.13
Newly established
Indication as to whether the issuer has been established for the past three years
‘true’ – Yes
‘false’ – No
A.14
Financial condition for the past three years
Financial condition of the issuer over the past three years.
This shall be assessed based on a fair review of the development and performance of the business of the issuer and of its position for each year and interim period for which historical financial information is required, including the causes of material changes.
The review shall be a balanced and comprehensive analysis of the development and performance of the business of the issuer and of its position, consistent with the size and complexity of the business.
Free alphanumerical text
A.15
Financial condition since registration
Where the issuer has not been established for the past three years, its financial condition since the date of its registration.
This shall be assessed based on a fair review of the development and performance of the business of the issuer and of its position for each year and interim period for which historical financial information is required, including the causes of material changes.
The review shall be a balanced and comprehensive analysis of the development and performance of the business of the issuer and of its position, consistent with the size and complexity of the business.
Free alphanumerical text
A.16
Governance arrangements
A detailed description of the issuer’s governance arrangements
Free alphanumerical text
A.17
Exemption from authorisation
Indication of whether the issuer of asset-referenced tokens is exempted from authorisation
‘NOEX’ – No exemption
‘EX17’ – Exemption in accordance with Article 17
‘EX16’ – Exemption in accordance with Article 16
A.18
Authorisation as issuer of asset-referenced token
If not exempted from authorisation, details about the authorisation as an issuer of an asset-referenced token
Free alphanumerical text
A.19
Authorisation authority
Name of the competent authority that granted the authorisation as issuer of asset-referenced tokens
Closed list of competent authorities – one per Member State
A.20
Competent authority for credit institutions
For credit institutions, name of the competent authority of the home Member State
Closed list of competent authorities – one per Member State
A.21
Issuance of other crypto-assets
Indication of whether the issuer of the asset-referenced token also issues other crypto-assets
‘true’ – Yes
‘false’ – No
A.22
Activities related to other crypto-assets
Indication of whether the issuer of the asset-referenced token also has activities related to other crypto-assets
‘true’ – Yes
‘false’ – No
A.23
Connection between the issuer and the entity running the DLT
Indication of whether there is any connection between the issuer and the entity running the distributed ledger technology used to issue the crypto-asset, including if the protocols are run or controlled by a person closely connected to the project participants
‘true’ – Yes
‘false’ – No
A.24
Description of the connection between the issuer and the entity running the DLT
Description of the connection between the issuer and entity running the distributed ledger technology used to issue the crypto-asset, including if the protocols are run or controlled by a person closely connected to the project participants
Free alphanumerical text
AA- information on other persons offering to the public or seeking admission to trading of asset-referenced tokens other than the issuer and on other persons drawing up the crypto-asset white paper in accordance with Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
AA.1
Persons other than the issuer offering to the public or seeking admission to trading of the asset referenced token according to Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
Where different from the issuer, indication of the identity of the person offering to the public or seeking admission to trading of the asset referenced token
{LEI}
AA.1.2
Persons other than the issuer offering to the public or seeking admission to trading of the asset referenced token according to Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
Field to be filled in only if a legal entity identifier is not provided in field AA.1
National identifier based on the nationality of the person other than the issuer offering to the public or seeking admission to trading, if required under the applicable national law.
This field only applies to entities for which a national identifier is required in accordance with applicable national law.
Another identifier required pursuant to applicable national law
AA.2
Reason for offering to the public or seeking admission to trading the asset-referenced token by persons referred to in Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
Where the offeror or the person seeking admission to trading is different from the issuer, reason for offering to the public or seeking admission to trading of the asset-referenced token
Free alphanumerical text
AA.3
Other persons drawing up the crypto-asset white paper according to Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
Where different from the issuer, indication of the identity of the person drawing up the crypto-asset white paper
{LEI}
AA.3.1
Other persons drawing up the crypto-asset white paper according to Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
Field to be filled in only if a legal entity identifier is not provided in field AA.3
National identifier based on the nationality of the person drawing up the crypto-asset white paper, if required under the applicable national law.
This field only applies to entities for which a national identifier is required in accordance with applicable national law.
Another identifier required pursuant to applicable national law
AA.4
Reason for drawing the white paper by persons referred to in Article 19(1), second subparagraph, of Regulation (EU) 2023/1114
Where the white paper is drawn up by a person different from the issuer, reason for drawing up the white paper
Free alphanumerical text
Part B - Information about the asset-referenced token
B.1
Asset-referenced token name
Field to be filled in only if a DTI is not provided in field B.15
Name of the asset-referenced token
Free alphanumerical text
B.2
Token abbreviation
Field to be filled in only if a DTI is not provided in field B.15
Abbreviation or ticker handler of the asset-referenced token
Free alphanumerical text
B.3
Details of all natural or legal persons involved in the operationalisation of the asset-referenced token
Details of advisors, development team, CASPs and all other natural or legal persons involved in the implementation of the crypto-asset project, including business addresses or domicile of the company
Free alphanumerical text presented in a tabular format
B.4
Third-party roles
A description of the role, responsibility and accountability of any third-party entities referred to in Article 34(5), first subparagraph, point (h), of Regulation (EU) 2023/1114
Free alphanumerical text presented in a tabular format
B.5
Plans for the token
Information about the plans for the asset-referenced tokens, including description of past and expected future milestones
Free alphanumerical text
B.6
Resource allocation
Where applicable, information about resources already allocated to the project
Free alphanumerical text
A description of the characteristics of the asset referenced token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article
B.7
Type of crypto-asset white paper
The type of white paper notified
ARTW
B.8
The type of submission
Type of submission
NEWT = New
MODI = Modify
EROR = Error
CORR = Correction
B.9
Crypto-asset characteristics
A description of the characteristics of the asset referenced token being offered or admitted to trading
Free alphanumerical text
B.10
Website of the issuer
Website of the issuer
Free alphanumerical text
B.11
Starting date of offer to the public or admission to trading
Starting date or, if not available at the time of the notification by the competent authority, the intended starting date of offer to the public or admission to trading
YYYY-MM-DD
B.12
Publication date
Effective or intended publication date of the white paper or of the modified white paper
YYYY-MM-DD
B.13
Any other services provided by the issuer
Any other services provided by the issuer not covered by Regulation (EU) 2023/1114, with a reference to the applicable Union or national legal acts regulating those services
Free alphanumerical text
B.14
Language or languages of the crypto-asset white paper
Language or languages in which the crypto-asset white paper is drafted
When multiple languages have been used, this field shall be reported as many times as necessary
Closed list of EU languages
B.15
Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available
Code used to uniquely identify the crypto-asset or each of the several crypto assets to which the crypto-asset white paper relates, where available
ISO 24165 Digital Token Identifier
B.16
Functionally fungible group digital token identifier, where available
Code used to uniquely identify the functionally fungible group to which the digital asset belongs (i.e., common to each of the several assets to which the white paper relates, i.e. Code used to identify the white paper ISO 24165 DTI of type = 3 (i.e., functionally fungible group), where available
ISO 24165 FFG DTI
B.17
Personal data flag
Flag indicating if the submitted white paper contains personal data
‘true’ – Yes
‘false’ – No
B.18
LEI eligibility
Indication that the issuer is eligible for a Legal Entity Identifier
‘true’ – eligible
‘false’ – not eligible
B.19
Home Member State
Home Member State as defined in Article 3(1), point (33), of Regulation (EU) 2023/1114
Closed list of EU Member States
B.20
Host Member States
Host Member State as defined in Article 3(1), point (34), of Regulation (EU) 2023/1114
Closed list of EU Member States
Part C - Information about the offer to the public of the asset-referenced token or its admission to trading
C.1
Public offering or admission to trading
Indication as to whether the crypto-asset white paper concerns an offer to the public of the asset-referenced token or its admission to trading
‘OTPC’ - offer to the public
‘ATTR’ - admission to trading
C.2
Fundraising target
Where applicable, the amount that the offer to the public of the asset-referenced token intends to raise in funds in an official currency or in any other crypto-asset
Amount in monetary value {DECIMAL-18/3}
or
Numerical {INTEGER-n}
C.3
Minimum subscription goals
Where applicable, any minimum target subscription goals set for the offer to the public of the asset-referenced token in an official currency or any other crypto-assets
Amount in monetary value {DECIMAL-18/3}
or
Numerical {INTEGER-n}
C.4
Maximum subscription goals
Where applicable, any maximum target subscription goals set for the offer to the public of the asset-referenced token in an official currency or any other crypto-assets
Amount in monetary value {DECIMAL-18/3}
or
Numerical {INTEGER-n}
C.5
Oversubscription acceptance
Indication whether oversubscriptions are accepted
‘true’- Yes
‘false’ - No
‘NTAV’ - Not applicable
C.6
Oversubscription allocation
Where oversubscriptions are accepted, description of how they are allocated
Free alphanumerical text
C.7
Token offering/trading quantity
Where applicable, the total number of units of the asset-referenced token to be offered or admitted to trading
Numerical {DECIMAL-18/3}
C.8
Targeted holders
Indication of the prospective holders targeted by the offer to the public of the asset-referenced token or admission of such asset-referenced token to trading
‘RETL’ – retail investors
‘PROF’ – professional investors
C.9
Holder restrictions
Indication of any restriction as regards the type of holders for the asset-referenced token
Free alphanumerical text
C.10
Reimbursement notice
‘Purchasers participating in the offer to the public of this asset-referenced token will be able to be reimbursed if the minimum target subscription goal is not reached at the end of the offer to the public, if they exercise the right to withdrawal provided for in Article 13 of Regulation (EU) 2023/1114 of the European Parliament and of the Council or if the offer is cancelled’
Predefined alphanumerical text
C.11
Refund timeline
Expected timeline of when such refunds will be completed
Free alphanumerical text
C.12
Explicit consequences
Description of the consequences of exceeding a maximum target subscription goal
Free alphanumerical text
C.13
Offer phases
Information about the various phases of the offer to the public of the asset-referenced token
Free alphanumerical text
C.14
Early purchase discount
Information on discounted purchase price for early purchasers of the asset-referenced token (pre-public sales) and in the case of discounted purchase price for some purchasers, an explanation as to why the purchase prices may be different and a description of the impact on the other investors
Free alphanumerical text
C.15
Time-limited offer
Indication whether the offer is time-limited
‘true’- Yes
‘false’ – No
C.16
Subscription period beginning
For time-limited offers, the beginning of the subscription period during which the offer to the public is open
ISO 8601 date format (YYYY-MM-DD)
C.17
Subscription period end
For time-limited offers, the end of the subscription period during which the offer to the public is open
ISO 8601 date format (YYYY-MM-DD)
C.18
Token purchase/redemption payment
Methods of payment to purchase and to redeem the asset-referenced token offered
Free alphanumerical text
C.19
Token transfer
Information on the method and time schedule of transferring the purchased asset-referenced token to the holders
Free alphanumerical text
C.20
Purchasers technical requirements
Information about technical requirements that the purchaser is required to fulfil to hold the asset-referenced token
Free alphanumerical text
C.21
CASP name
Where applicable, the name of the crypto-asset service provider in charge of the placing of asset-referenced tokens
Free alphanumerical text
C.22
CASP identifier
The legal entity identifier of the crypto-asset service provider in charge of the placing of asset-referenced tokens
{LEI}
C.23
Placement form
Where applicable, the form of such placement (with or without a firm commitment basis)
‘WITH- with a firm commitment basis
‘WOUT’ - without a firm commitment basis
‘NTAV’ - Not applicable
C.24
Trading platforms name
Where applicable, the name of the trading platforms for crypto-assets where admission to trading is sought
Free alphanumerical text
C.25
Trading platforms market identifier code (MIC)
Segment MIC for the trading platform operated by the CASP, where available, otherwise operating MIC.
{MIC}
C.26
Trading platforms access
Where applicable, information about how investors can access such trading platforms
Free alphanumerical text
C.27
Involved costs
Where applicable, information about the costs involved for accessing the trading platform for investors
Free alphanumerical text
C.28
Offer expenses
Expenses related to the offer to the public of the asset-referenced token, in an official currency or any other crypto-assets. If more than one type of expense, expenses should be presented in a tabular format.
Free alphanumerical text and Numerical {DECIMAL-18/3} presented in tabular format
C.29
Conflicts of interest
Potential conflicts of interest of the persons involved in the offer to the public or admission to trading, arising in relation to the offer or admission to trading
Free alphanumerical text
C.30
Applicable law
The law applicable to the offer to the public of the asset-referenced token
Drop-down list of applicable laws
C.31
Competent court
Competent court
Free alphanumerical text
Part D - Information on the rights and obligations attached to the asset-referenced token
D.1
Token functionalities
A description of the functionality of the asset-referenced token being offered or admitted to trading
Free alphanumerical text
D.2
Planned functionalities use
Information about when the functionalities are planned to apply
ISO 8601 date format (YYYY-MM-DD)
D.3
Purchaser rights and Obligations
A description of the rights and obligations, if any, of the purchaser
Free alphanumerical text
D.4
Rights exercise procedure
A description of the procedure and conditions for the exercise of those rights
Free alphanumerical text
D.5
Conditions for modifications of rights and obligations
A description of the conditions under which the rights and obligations may be modified
Free alphanumerical text
D.6
Future public offers
Where applicable, information on the future offers to the public of the asset-referenced token by the issuer
Free alphanumerical text
D.7
Issuer retained units
Where applicable, information on the number of units of the asset-referenced token retained by the issuer itself
Numerical {INTEGER-n}
D.8
Non-trading request
Indication as to whether an admission to trading is sought
‘true’ –sought
‘false’ – not sought
D.9
Token purchase or sale modalities
Where an admission to trading is not sought, information on how and where the asset-referenced token can be purchased or sold after the offer to the public
Free alphanumerical text
D.10
Token transfer restrictions
Any restrictions on the transferability of the asset-referenced token that is being offered or admitted to trading
Free alphanumerical text
D.11
Supply adjustment protocols
Indication as to whether the asset-referenced token has protocols for the increase or decrease of their supply in response to changes in demand
‘true’ – Yes
‘false’ – No
D.12
Supply adjustment mechanisms
Where the asset-referenced token has protocols for the increase or decrease of their supply in response to changes in demand, a description of the functioning of such protocols
Free alphanumerical text
D.13
Token value protection Schemes
Indication as to whether the asset-referenced token has a protection scheme protecting the value of the asset-referenced token
‘true’ – Yes
‘false’ – No
D.14
Token value protection schemes description
Where yes in the field D.13, a description of the protection schemes protecting the value of the asset-referenced token
Free alphanumerical text
D.15
Compensation schemes
Indication as to whether the asset-referenced token has a compensation scheme
‘true’ – Yes
‘false’ – No
D.16
Compensation schemes description
Where yes in the field D.15, a description of compensation schemes
Free alphanumerical text
D.17
Nature and enforceability of rights
Information on the nature and enforceability of rights, including permanent rights of redemption and any claims that holders and any legal or natural person as referred to in Article 39(2) of Regulation (EU) 2023/1114, may have against the issuer, including information on how such rights will be treated in the case of insolvency procedures and whether different rights are allocated to different holders and the non-discriminatory reasons for such different treatment
Free alphanumerical text
D.18
Referenced assets description
Detailed description of the claim that the asset-referenced token represents for holders, including a description of each referenced asset including the ISIN code where available and specified proportions of each of those assets
Free alphanumerical text presented in a tabular format
{ISIN} where applicable
D.19
Referenced assets proportions
Description of the amount of the claim and the reserve of asset
Free alphanumerical text
D.20
Value-claim-reserve interrelation
Relation between the value of the referenced assets and the amount of the claim and the reserve of assets
Free alphanumerical text
D.21
Transparent claim valuation
Description how a fair and transparent valuation of components of the claim is undertaken, which identifies, where relevant, independent parties
Free alphanumerical text
D.22
Other details about the claim the asset referenced token represents over referenced assets
Additional details describing the claim that the asset-referenced token represents for the holders
Free alphanumerical text
D.23
Liquidity arrangements
Where applicable, information on the arrangements put in place by the issuer to ensure the liquidity of the asset-referenced token
Free alphanumerical text
D.24
Liquidity providers
Where applicable, the name of the entities in charge of ensuring liquidity
Free alphanumerical text
D.25
Complaint submission contact
Contact details for submitting complaints
Free alphanumerical text
D.26
Complaints handling procedures
Description of the complaints-handling procedures
Free alphanumerical text
D.27
Dispute resolution mechanism
Description of any dispute resolution mechanism or redress procedure established by the issuer of the asset-referenced token
Free alphanumerical text
D.28
Holder rights in default or insolvency
A description of the rights of the holders when the issuer is not able to fulfil its obligations, including in insolvency
Free alphanumerical text
D.29
Rights in recovery plan implementation
A description of the rights in the context of the implementation of the recovery plan
Free alphanumerical text
D.30
Rights in redemption plan implementation
A description of the rights in the context of the implementation of the redemption plan
Free alphanumerical text
D.31
Redemption form
Detailed information on how the asset-referenced token is redeemed
Free alphanumerical text
D.32
Redemption form options
Indication whether the holder will be able to choose the form of redemption
‘true’ – Yes
‘false’ – No
D.33
Transference form options
Indication as to whether the holder will be able to choose the form of transference
‘true’ – Yes
‘false’ – No
D.34
Form of transference
Form of transference
Free alphanumerical text
D.35
Redemption currency
The official currency of redemption
{CURRENCYCODE_3}
D.36
Applicable law
The law applicable to the asset-referenced token
Drop-down list of applicable laws
D.37
Competent court
Competent court
Free alphanumerical text
Part E - Information on the underlying technology
E.1
Distributed ledger technology
Fill in the field only if a DTI is not provided in field B.15
Information on the distributed ledger technology
Free alphanumerical text
E.2
Protocols and technical standards
Information on the protocols and technical standards used, allowing for the holding, storing and transfer of the asset-referenced token
Free alphanumerical text
E.3
Technology used
Other information on the technology used allowing for the holding, storing and transfer of asset-referenced tokens, if relevant
Free alphanumerical text
E.4
Consensus mechanism
The consensus mechanism, where applicable
Free alphanumerical text
E.5
Incentive mechanisms and applicable fees
Incentive mechanisms to secure transactions and any fees applicable
Free alphanumerical text
E.6
Use of distributed ledger technology
Indication as to whether the asset-referenced tokens are issued, transferred and stored using distributed ledger technology that is operated by the issuer or a third-party acting on the issuer’s behalf
‘true’ – Yes, DLT operated by the issuer or a third-party acting on the issuer’s behalf
‘false’ – No, DLT not operated by the issuer or a third-party acting on the issuer’s behalf
E.7
DLT functionality description
If the DLT is operated by the issuer or a third party acting on the issuer’s behalf, a detailed description of the functioning of such distributed ledger technology
Free alphanumerical text
E.8
Audit
Indication as to whether an audit of the technology used was conducted
‘true’ – Yes
‘false’ – No
E.9
Audit outcome
If an audit was conducted, information on the outcome of the audit of the technology used
Free alphanumerical text
Part F - Information on the risks
F.1
Risks related to Asset Reserve
The risks related to the reserve of assets, when the issuer is not able to fulfil its obligations
Free alphanumerical text
F.2
Issuer-related risks
A description of the risks associated with the issuer of the asset-referenced token
Free alphanumerical text
F.3
Offer-related risks
A description of the risks associated with the offer to the public of the asset-referenced token or its admission to trading
Free alphanumerical text
F.4
Token-related risks
Description of the risks associated with the asset-referenced token, in particular with regard to the asset referenced
Free alphanumerical text
F.5
Risks related to operationalisation of the asset-referenced Token project
A description of the risks associated with the operationalisation of the asset-referenced token project
Free alphanumerical text
F.6
Technology-related risks
Description of the risks associated with the technology used
Free alphanumerical text
F.7
Mitigation measures
Mitigation measures of the risks associated with the technology used, if any
Free alphanumerical text
Part G - Information on the reserve of assets
G.1
Value alignment mechanism
Detailed description of the mechanism aimed at aligning the value of the reserve of assets with the claim associated with the asset-referenced token, including legal and technical aspects
Free alphanumerical text
G.2
Asset reserve description
Detailed description of the reserve of assets and their composition
Free alphanumerical text
G.3
Token issuance and redemption mechanisms
A description of the mechanisms through which asset-referenced tokens are issued and redeemed
Free alphanumerical text
G.4
Investment of reserve of assets
Information on whether a part of the reserve assets are invested
‘true’ – Yes
‘false’ – No
G.5
Reserve asset investment policy
If a part of the reserve assets are invested, a description of the investment policy for the reserve assets
Free alphanumerical text
G.6
Reserve asset custody arrangements
Description of the custody arrangements for the reserve assets, including their segregation
Free alphanumerical text
G.7
Custodian service providers
Name of crypto-asset service providers providing custody and administration of crypto-assets on behalf of clients, credit institutions, or investment firms appointed as custodians of the reserve assets
Free alphanumerical text
G.8
Custodian service providers
LEI of the CASP providing custody and administration of crypto-assets on behalf of clients, credit institutions, or investment firms appointed as custodians of the reserve assets
{LEI}
Part H – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
H.1
Adverse impacts on climate and other environment-related adverse impacts
Include information referred to Commission Delegated Regulation establishing technical standards adopted pursuant to Article 6(12), fourth subparagraph, Article 19(11), fourth subparagraph, Article 51(15), fourth subparagraph, and Article 66(6), fourth subparagraph of Regulation (EU) 2023/1114 of the European Parliament and of the Council
Free alphanumerical text
Table 4
Template for white papers for e-money tokens
No
FIELD
CONTENT TO BE REPORTED
FORM AND STANDARDS TO BE USED FOR REPORTING
I.00
Table of contents
Table of contents
Alphanumerical text
I.01
Date of notification
Date of notification
YYYY-MM-DD
I.02
Statement in accordance with Article 51(3) of Regulation (EU) 2023/1114
Predefined alphanumerical text
I.03
Compliance statement in accordance with Article 51(5) of Regulation (EU) 2023/1114
Predefined alphanumerical text
I.04
Warning in accordance with Article 51(4), points (a) and (b), of Regulation (EU) 2023/1114
Predefined alphanumerical text
SUMMARY
I.05
Warning in accordance with Article 51(6), second subparagraph of Regulation (EU) 2023/1114
Predefined alphanumerical text
I.06
Characteristics of the crypto-asset
A brief, clear and non-technical description of the characteristics of the crypto-assets concerned in order to help prospective holders of the crypto-asset make an informed decision
Free alphanumerical text
I.07
Right of redemption
‘The holders of this e-money token have a right of redemption at any time and at par value.’
Description of the conditions for such redemption.
Predefined alphanumerical text
Free alphanumerical text
I.08
Key information about the offer and/ or admission to trading
Key information about the offer to the public of the e-money token or the intended admission to trading of such e-money token.
Free alphanumerical text
Part A- Information about the issuer of the e-money token
A.1
Statutory name
Statutory Name
Free alphanumerical text
A.2
Trading name
Trading Name
Free alphanumerical text
A.3
Legal form
Fill in the field only if LEI is not provided in field A.7. Legal form
ISO standard 20275 ‘Financial Services – Entity Legal Forms (ELF)’
A.4
Registered address
Fill in the field only if LEI is not provided in field A.7. Address and country of registration
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
A.5
Head office
Fill in the field only if LEI is not provided in field A.7. Address and country of the Head office, where different than registered address
ISO standard 3166-1 alpha 2 country codes and codes for their subdivisions
and
Free alphanumerical text
A.6
Registration date
Date of the registration
ISO 8601 date format (YYYY-MM-DD)
A.7
Legal entity identifier
Legal entity identifier of the issuer, where available
{LEI}
A.8
Another identifier required pursuant to applicable law
National identifier based on the nationality of the issuer, if required under the applicable national law.
This field only applies to entities for which a national identifier is required under applicable national law.
Free text
A.9
Contact telephone number
Contact telephone number of the issuer
Free alphanumerical text
A.10
E-mail address
E-mail address of the issuer
Free alphanumerical text
A.11
Response time (days)
Period of days within which an investor via that telephone number or email address will receive an answer
{DURATION}
A.12
Parent company
Fill in the field only if an LEI is not provided in field A.7. Where applicable, the name of the parent company
Free alphanumerical text
A.13
Members of the management body
Identity, business address and functions of persons (names or other identifiers) within the management body, as defined in Article 3(1), point (27), of Regulation (EU) 2023/1114, of the issuer
Free alphanumerical text presented in a tabular format
A.14
Business activity
Business or professional activity of the issuer, including principal activities and principal markets
Free alphanumerical text
A.15
Parent company business activity
Business or professional activity of the parent company (if applicable), including principal activities and principal markets
Free alphanumerical text
A.16
Conflicts of interest disclosure
Potential conflicts of interest
Free alphanumerical text
A.17
Issuance of other crypto-assets
Indication of whether the issuer of the e-money token also issues other crypto-assets
‘true’ – Yes
‘false’ – No
A.18
Activities related to other crypto-assets
Indication of whether the issuer of the e-money token also has activities related to other crypto-assets.
‘true’ – Yes
‘false’ – No
A.19
Connection between the issuer and the entity running the DLT
Indication of whether there is any connection between the issuer and the entity running the distributed ledger technology used to issue the crypto-asset, including if the protocols are run or controlled by a person closely connected to the project participants
‘true’ – Yes
‘false’ – No
A.20
Description of the connection between the issuer and the entity running the DLT
Description of the connection between the issuer and entity running the distributed ledger technology used to issue the crypto-asset, including if the protocols are run or controlled by a person closely connected to the project participants
Free alphanumerical text
A.21
Newly established
Indication as to whether the issuer has been established for the past three years
‘true’ – Yes
‘false’ – No
A.22
Financial condition for the past three years
Financial condition of the issuer over the past three years.
This shall be assessed based on a fair review of the development and performance of the business of the issuer and of its position for each year and interim period for which historical financial information is required, including the causes of material changes.
The review shall be a balanced and comprehensive analysis of the development and performance of the business of the issuer and of its position, consistent with the size and complexity of the business.
The analysis shall include both financial and, where appropriate, non-financial Key Performance Indicators relevant to the particular business.
The analysis shall, where appropriate, include references to, and additional explanations of, amounts reported in the annual financial statements (when available), information regarding unusual or infrequent events or new developments, materially affecting the income from operations and indicate the extent to which income was so affected, information concerning capital resources (both short term and long term) and an explanation of the sources and amounts of and a narrative description of the cash flows.
Free alphanumerical text
A.23
Financial condition since registration
Where the issuer has not been established for the past three years, its financial condition since the date of its registration.
This shall be assessed based on a fair review of the development and performance of the business of the issuer and of its position for each year and interim period for which historical financial information is required, including the causes of material changes.
The review shall be a balanced and comprehensive analysis of the development and performance of the business of the issuer and of its position, consistent with the size and complexity of the business.
The analysis shall include both financial and, where appropriate, non-financial Key Performance Indicators relevant to the particular business.
The analysis shall, where appropriate, include references to, and additional explanations of, amounts reported in the annual financial statements (when available), information regarding unusual or infrequent events or new developments, materially affecting the income from operations and indicate the extent to which income was so affected, information concerning capital resources (both short term and long term) and an explanation of the sources and amounts of and a narrative description of the cash flows.
Free alphanumerical text
A.24
Exemption from authorisation
Indication of whether the issuer of e-money token is exempted from authorisation in accordance with Article 48(4) and (5) of Regulation (EU) 2023/1114
‘true’ – Yes
‘false’ – No
A.25
E-money token authorisation
If not exempted from authorisation in accordance with Article 48(4) and (5) of Regulation (EU) 2023/1114, details about the authorisation as an issuer of an e-money token
Free alphanumerical text
A.26
Authorisation authority
Name of the competent authority that granted the authorisation
Closed list of competent authorities – one per Member State
A.27
Persons other than the issuer offering to the public or seeking admission to trading of the e-money token in accordance with Article 51(1), second subparagraph, of Regulation (EU) 2023/1114
Where different from the issuer, indication of the identity of the person offering to the public or seeking admission to trading of the e-money token
{LEI}
A.28
Persons other than the issuer offering to the public or seeking admission to trading of the e-money token in accordance with Article 51(1), second subparagraph, of Regulation (EU) 2023/1114
Field to be filled in only if a legal entity identifier is not provided in field A.27
National identifier based on the nationality of the person other than the issuer offering to the public or seeking admission to trading of the e-money token, if required under the applicable national law.
This field only applies to entities for which a national identifier is required in accordance with applicable national law.
Another identifier required pursuant to applicable national law
A.29
Reason for offering to the public or seeking admission to trading of the e-money token by persons referred to in Article 51(1), second subparagraph, of Regulation (EU) 2023/1114
Where the offeror or the person seeking admission to trading is different from the issuer, reason for offering to the public or seeking admission to trading of the e-money token
Free alphanumerical text
Part B - Information about the e-money token
B.1
Name
Field to be filled in only if a DTI is not provided in field B.12
e-money token name
Free alphanumerical text
B.2
Abbreviation
Field to be filled in only if a DTI is not provided in field B.12
e-token abbreviation
Free alphanumerical text
B.3
Details of all natural or legal persons involved in design and development
Details of advisors, development team members, CASPs and all natural and legal persons involved in the design and development of the crypto-asset project, including business addresses or domicile of the company, presented in a tabular format
Free alphanumerical text presented in a tabular format
B. A description of the characteristics of the e-money token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109, as specified in accordance with paragraph 8 of that Article
B.4
Type of white paper
The type of white paper notified.
EMTW
B.5
The type of submission
Type of submission
NEWT = New
MODI = Modify
EROR = Error
CORR = Correction
B.6
Crypto-asset characteristics
A description of the characteristics of the e-money token
Free alphanumerical text
B.7
Website of the issuer
Website of the issuer
Free alphanumerical text
B.8
Starting date of offer to the public or admission to trading
Starting date or, if not available at the time of the notification by the competent authority, the intended starting date of offer to the public or admission to trading.
YYYY-MM-DD
B.9
Publication date
Effective or intended publication date of the white paper or of the modified white paper
YYYY-MM-DD
B.10
Any other services provided by the issuer
Any other services provided by the issuer not covered by Regulation (EU) 2023/1114, with a reference to the applicable Union or national legal acts regulating those services
Free alphanumerical text
B.11
Language or languages of the white paper
Language or languages in which the crypto-asset white paper is drafted
When multiple languages have been used, this field shall be reported as many times as necessary
Closed list of EU languages
B.12
Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available
Code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available
ISO 24165 Digital Token Identifier
B.13
Functionally fungible group digital token identifier, where available
Code used to uniquely identify the functionally fungible group to which the digital asset belongs (i.e., common to each of the several assets to which the white paper relates, i.e. Code used to identify the white paper ISO 24165 DTI of type = 3 (i.e., functionally fungible group), where available
ISO 24165 FFG DTI
B.14
Personal data flag
Flag indicating if the submitted white paper contains personal data
‘true’ – Yes
‘false’ – No
B.15
LEI eligibility
Indication that the issuer is eligible for a Legal Entity Identifier
‘true’ – eligible
‘false’ – not eligible
B.16
Home Member State
Home Member State as defined in Article 3(1), point 33, of Regulation (EU) 2023/1114
Closed list of EU Member States
B.17
Host Member States
Host Member State as defined in Article 3(1), point (34), of Regulation (EU) 2023/1114
Closed list of EU Member States
Part C - Information about the offer to the public of the e-money token or its admission to trading
C.1
Public offering or trading
Indication as to whether the crypto-asset white paper concerns an offer to the public of the e-money token or an admission to its trading
‘OTPC’ – offer to the public
‘ATTR’ – admission to trading
C.2
Number of units
Where applicable, the total number of units of the e-money token to be offered to the public or admitted to trading
Numerical {DECIMAL-18/3}
C.3
Trading platforms name
Where applicable, the name of the trading platforms for crypto-assets where admission to trading is sought
Free alphanumerical text
C.4
Trading platforms market identifier code (MIC)
Segment MIC for the trading platform operated by the CASP, where available, otherwise operating MIC
{MIC}
C.5
Applicable law
The law applicable to the offer to the public of the e-money token
Drop-down list of applicable laws
C.6
Competent court
Competent court
Free alphanumerical text
Part D - Information on the rights and obligations attached to e-money tokens
D.1
Holder’s rights and obligations
A detailed description of the rights and obligations, if any, that the holder of the e-money token has, including the right of redemption at par value as well as the procedure and conditions for the exercise of those rights
Free alphanumerical text
D.2
Conditions of modifications of rights and obligations
Description of the conditions under which the rights and obligations may be modified
Free alphanumerical text
D.3
Description of the rights of the holders
Description of the rights of the holders when the issuer is not able to fulfil its obligations, including in insolvency
Free alphanumerical text
D.4
Rights in implementation of recovery plan
Description of rights in the context of the implementation of the recovery plan
Free alphanumerical text
D.5
Rights in implementation of redemption plan
Description of the rights in the context of the implementation of the redemption plan
Free alphanumerical text
D.6
Complaint submission contact
Contact details for submitting complaints
Free alphanumerical text
D.7
Complaints handling procedures
Description of the complaints-handling procedures
Free alphanumerical text
D.8
Dispute resolution mechanism
Description of any dispute resolution mechanism or redress procedure established by the issuer of the e-money token
Free alphanumerical text
D.9
Token value protection schemes
Indication as to whether the crypto-asset has a protection scheme protecting the value of the crypto-asset
‘true’ – Yes
‘false’ – No
D.10
Token value protection schemes description
Where field D.9 is true, a description of protection schemes protecting the value of the crypto-asset and of compensation schemes
Free alphanumerical text
D.11
Compensation schemes
Indication as to whether the crypto-asset has a compensation scheme
‘true’ – Yes
‘false’ – No
D.12
Compensation schemes
Description
Where field D.11 is true, a description of compensation schemes
Free alphanumerical text
D.13
Applicable law
The law applicable to the e-money token
Drop-down list of applicable laws
D.14
Competent court
Competent court
Free alphanumerical text
Part E - Information on the underlying technology
E.1
Distributed ledger technology
Field to be filled in only if a DTI is not provided in field B.13
Information on the distributed ledger technology
Free alphanumerical text
E.2
Protocols and technical standards
Information on the protocols and technical standards used, allowing for the holding, storing and transfer of e-money token
Free alphanumerical text
E.3
Technology used
Other information on the technology used allowing for the holding, storing and transfer of e-money tokens, if relevant
Free alphanumerical text
E.4
Purchaser’s technical requirements
Information about the technical requirements that the purchaser has to fulfil to gain control over the e-money token
Free alphanumerical text
E.5
Consensus mechanism
The consensus mechanism, where applicable
Free alphanumerical text
E.6
Incentive mechanisms and applicable fees
Incentive mechanisms to secure transactions and any fees applicable
Free alphanumerical text
E.7
Use of distributed ledger technology
Indication as to whether the e-money tokens are issued, transferred and stored using distributed ledger technology that is operated by the issuer or a third-party acting on the issuer’s behalf
‘true’ – Yes, DLT operated by the issuer or a third-party acting on the issuer’s behalf
‘false’ – No, DLT not operated by the issuer or a third-party acting on the issuer’s behalf
E.8
DLT functionality description
If the DLT is operated by the issuer or a third party acting on the issuer’s behalf, a detailed description of the functioning of such distributed ledger technology
Free alphanumerical text
E.9
Audit
Indication as to whether an audit of the technology used was conducted
‘true’ – Yes
‘false’ – No
E.10
Audit outcome
If an audit was conducted, information on the outcome of the audit of the technology used
Free alphanumerical text
Part F - Information on the risks
F.1
Issuer-related risks
A description of the risks associated with the issuer of the e-money token
Free alphanumerical text
F.2
Token-related risks
A description of the risks associated with the e-money token
Free alphanumerical text
F.3
Technology-related risks
Description of the risks associated with the technology used
Free alphanumerical text
F.4
Mitigation measures
Mitigation measures of the risks associated with the technology used, if any
Free alphanumerical text
Part G – Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts
G.1
Adverse impacts on climate and other environment-related adverse impacts
Include the information referred to Commission Delegated Regulation establishing technical standards adopted pursuant to Article 6(12), fourth subparagraph, Article 19(11), fourth subparagraph, Article 51(15), fourth subparagraph, and Article 66(6), fourth subparagraph of Regulation (EU) 2023/1114 of the European Parliament and of the Council
Free alphanumerical text
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
- where the offeror or person seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens has its registered office in the Union, the Member State where that offeror or person has its registered office;
- where the offeror or person seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens has no registered office in the Union but does have one or more branches in the Union, the Member State chosen by that offeror or person from among the Member States where it has branches;
- where the offeror or person seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens is established in a third country and has no branch in the Union, either the Member State where the crypto-assets are intended to be offered to the public for the first time or, at the choice of the offeror or person seeking admission to trading, the Member State where the first application for admission to trading of those crypto-assets is made;
- in the case of an issuer of asset-referenced tokens, the Member State where the issuer of asset-referenced tokens has its registered office;
- in the case of an issuer of e-money tokens, the Member State where the issuer of e-money tokens is authorised as a credit institution under Directive 2013/36/EU or as an electronic money institution under Directive 2009/110/EC;
- in the case of crypto-asset service providers, the Member State where the crypto-asset service provider has its registered office;
- designated by each Member State in accordance with Article 93 concerning offerors, persons seeking admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, issuers of asset-referenced tokens, or crypto-asset service providers;
- designated by each Member State for the application of Directive 2009/110/EC concerning issuers of e-money tokens;