Article 3 Receipt of the notification and acknowledgement of receipt

Summary What does Article 3 of the ITS on notification of crypto-asset service provision say?

This article sets out the obligation on competent authorities to formally acknowledge notifications they receive.

It directly follows from the notification submission process established in Article 2, completing the procedural loop by requiring competent authorities to confirm receipt and provide the notifying entity with a point of contact for follow-up.

Important points:

Competent authorities are required to send an acknowledgement of receipt to the notifying entity within five working days of receiving a notification.
Competent authorities must include in the acknowledgement the contact details of the specific department, function, or staff member handling the notification.
The acknowledgement may be sent electronically, on paper, or in both forms.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Within five working days of receipt of the notification, the competent authority shall send electronically, on paper, or in both forms, an acknowledgement of receipt to the notifying entity. The acknowledgement of receipt shall include the contact details of the department, function or staff member of the competent authority handling the notification.

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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.