Annex III

DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN E-MONEY TOKEN

1. Part A: Information about the issuer of the e-money token

   1. 1. Name;

      2. Legal form;

      3. Registered address and head office, where different;

      4. Date of the registration;

      5. Legal entity identifier or another identifier required pursuant to applicable national law;

      6. A contact telephone number and an email address of the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets;, and the period of days within which an investor contacting the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; via that telephone number or email address will receive an answer;

      7. Where applicable, the identity of the parent company;

      8. Identity, business address and functions of persons that are members of the management bodymeans the body or bodies of an issuer, offeror or person seeking admission to trading, or of a crypto-asset service provider, which are appointed in accordance with national law, which are empowered to set the entity’s strategy, objectives and overall direction, and which oversee and monitor management decision-making in the entity and include the persons who effectively direct the business of the entity; of the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets;;

      9. Business or professional activity of the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; and, where applicable, of its parent company;

      10. Potential conflicts of interest;

      11. Where the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; of the e-money token also issues other crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology;, or also has other activities related to crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology;, that should be clearly stated; the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; should also state whether there is any connection between the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; and the entity running the distributed ledger technologyor ‘DLT’ means a technology that enables the operation and use of distributed ledgers; used to issue the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology;, including if the protocols are run or controlled by a person closely connected to project participants;

      12. The issuermeans a natural or legal person, or other undertaking, who issues crypto-assets;’s financial condition over the past three years or, where the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; has not been established for the past three years, the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets;’s financial condition record since the date of its registration.

          The financial condition shall be assessed based on a fair review of the development and performance of the business of the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; 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 issuermeans a natural or legal person, or other undertaking, who issues crypto-assets;’s business and of its position, consistent with the size and complexity of the business;

      13. Except for issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of e-money tokens who are exempted from authorisation in accordance with Article 48(4) and (5), details about the authorisation as an issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; of an e-money token and the name of the competent authoritymeans one or more authorities: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; which granted authorisation.

2. Part B: Information about the e-money token

   1. 1. Name and abbreviation;

      2. A description of the characteristics of the e-money token, including the data necessary for classification of the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; white paper in the register referred to in Article 109, as specified in accordance with paragraph 8 of that Article;

      3. Details of all natural or legal persons (including business addresses and/or domicile of the company) involved in the design and development, such as advisors, development team and crypto-asset service providersmeans a legal person or other undertaking whose occupation or business is the provision of one or more crypto-asset services to clients on a professional basis, and that is allowed to provide crypto-asset services in accordance with Article 59;.

3. Part C: Information about the offer to the public of the e-money token or its admission to trading

   1. 1. Indication as to whether the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; white paper concerns an offer to the publicmeans a communication to persons in any form, and by any means, presenting sufficient information on the terms of the offer and the crypto-assets to be offered so as to enable prospective holders to decide whether to purchase those crypto-assets; of the e-money token or its admission to trading;

      2. Where applicable, the total number of units of the e-money token to be offered to the public or admitted to trading;

      3. Where applicable, name of the trading platforms for crypto-assetsmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; where the admission to trading of the e-money token is sought;

      4. The law applicable to the offer to the publicmeans a communication to persons in any form, and by any means, presenting sufficient information on the terms of the offer and the crypto-assets to be offered so as to enable prospective holders to decide whether to purchase those crypto-assets; of the e-money token, as well as the competent court.

4. Part D: Information on the rights and obligations attached to e-money tokens

   1. 1. 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;

      2. A description of the conditions under which the rights and obligations may be modified;

      3. A description of the rights of the holders when the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; is not able to fulfil its obligations, including in insolvency;

      4. A description of rights in the context of the implementation of the recovery plan;

      5. A description of rights in the context of the implementation of the redemption plan;

      6. The contact details for submitting complaints and description of the complaints-handling procedures and any dispute resolution mechanism or redress procedure established by the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; of the e-money token;

      7. Where applicable, a description of protection schemes protecting the value of the crypto-assetmeans a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology; and of compensation schemes;

      8. The law applicable to the e-money token as well as the competent court.

5. Part E: Information on the underlying technology

   1. 1. Information on the technology used, including distributed ledger technologyor ‘DLT’ means a technology that enables the operation and use of distributed ledgers;, as well as the protocols and technical standards used, allowing for the holding, storing and transfer of e-money tokens;

      2. Information about the technical requirements that the purchaser has to fulfil to gain control over the e-money token;

      3. The consensus mechanismmeans the rules and procedures by which an agreement is reached, among DLT network nodes, that a transaction is validated;, where applicable;

      4. Incentive mechanisms to secure transactions and any fees applicable;

      5. Where the e-money token is issued, transferred and stored using distributed ledger technologyor ‘DLT’ means a technology that enables the operation and use of distributed ledgers; that is operated by the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; or a third-party acting on its behalf, a detailed description of the functioning of such distributed ledger technologyor ‘DLT’ means a technology that enables the operation and use of distributed ledgers;;

      6. Information on the audit outcome of the technology used, if such an audit was conducted.

6. Part F: Information on the risks

   1. 1. Description of the risks associated with the issuermeans a natural or legal person, or other undertaking, who issues crypto-assets; of the e-money token;

      2. Description of the risks associated with the e-money token;

      3. Description of the risks associated with the technology used as well as mitigation measures, if any.