Source: OJ L, 2024/2902, 28.11.2024

Current language: EN

Article 1 General provisions


Summary What does Article 1 of the ITS on non-EU currency reporting say?

This is the core operative article of the regulation, establishing the reporting framework that flows from Article 22 of MiCA (Regulation (EU) 2023/1114).

It assigns distinct reporting obligations to two groups: issuers of asset-referenced tokens, who must report to competent authorities using prescribed templates, and crypto-asset service providers, who must feed data to those issuers using a separate set of templates.

Beyond simply mandating template use, the article specifies the contextual information that must accompany each submission, covering issuer identification, token classification, currency references, and significance status.

It also extends the framework to e-money tokens denominated in non-EU currencies.

Important points:

  • As an issuer, use the templates in Annex I and II for reporting to competent authorities, and accompany submissions with mandatory contextual data including your LEI, token type, and currency reference classification.
  • Crypto-asset service providers are required to submit token-related data to issuers using the separate templates set out in Annexes III and IV.
  • The regulation applies mutatis mutandis to e-money tokens denominated in a currency that is not an official currency of a Member State.

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

    1. For the purposes of the reporting requirement referred to in Article 22(1) of Regulation (EU) 2023/1114, issuers shall use the templates set out in Annex I, in accordance with the instructions provided for in Annex II, to this Regulation.

    1. For the purposes of the reporting requirement referred to in Article 22(3) of Regulation (EU) 2023/1114, crypto-asset service providers shall submit to the issuers the templates set out in Annex III, in accordance with the instructions provided for in Annex IV, to this Regulation.

    1. For purposes of the reporting referred to in Article 22(1) of Regulation (EU) 2023/1114, issuers shall accompany the submitted data listed in Annex I to this Regulation with the following information:

      1. the reporting reference date and reference period;

      2. the reporting currency;

      3. for legal entities, the legal entity identifier (LEI) of the issuer, and for natural persons the official national identification number applicable in the home Member State;

      4. the type of the token, as defined in Article 3(1), point (6) or (7), of Regulation (EU) 2023/1114, and related identification code, reference or name of the token, where available, based on the published crypto-asset white paper for the token;

      5. whether the token:

        1. references only the official currency of the home Member State;

        2. references only currencies other than the official currency of the home Member State;

        3. references both the official currency of the home Member State and other currencies (a mix of the option referred to in point (i) and the option referred to in point (ii));

      6. whether the token has been classified as significant in accordance with Article 43 of Regulation (EU) 2023/1114;

      7. where applicable, a statement that the issuer has not received the information referred to in Annexes III and IV to this Regulation from the crypto-asset service providers.

    1. In accordance with Article 58(3) of Regulation (EU) 2023/1114, this Regulation applies mutatis mutandis to e-money tokens denominated in a currency that is not an official currency of a Member State.

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