Article 55 Recovery and redemption plans

Title III, Chapter 6 shall apply mutatis mutandis to issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of e-money tokens.

By way of derogation from Article 46(2), the date by which the recovery plan is to be notified to 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; shall, in respect of issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of e-money tokens, be within six months of the date of 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; or admission to trading.

By way of derogation from Article 47(3), the date by which the redemption plan is to be notified to 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; shall, in respect of issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of e-money tokens, be within six months of the date of 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; or admission to trading.