Source: OJ L, 2025/294, 13.2.2025Current language: EN
- Markets in crypto-assets
Crypto-asset service provider
- RTS on CASP complaints handling
Article 7 Communication with complainants
Summary What does Article 7 of the RTS on CASP complaints handling say?
This article sets out the communication standards that crypto-asset service providers must follow when corresponding with complainants throughout the complaints-handling process.
It builds directly on the procedural steps established in Articles 4, 5, and 6, ensuring that the substance of those interactions is delivered in an accessible and appropriate manner.
The article covers two key dimensions: the clarity of language used and the language in which communications must be made.
Important points:
- Use clear and plain language in all communications with complainants during the complaints-handling process.
- All written communications must be made in the language the complainant used to file their complaint, provided that language is one of those listed under Article 3(2).
- Communicate in writing by electronic means as the default, but switch to paper form upon the complainant's request.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
When handling complaints, crypto-asset service providers shall communicate with complainants in a clear and plain language that is easy for complainants to understand.
Any communication made by the crypto-asset service provider under Articles 4, 5 and6 that is addressed to a complainant shall be made in the language in which the complainant filed its complaint provided that the language used by the complainant is one of the languages referred to in Article 3(2). The communication shall be made in writing by electronic means, or upon the complainant’s request, in paper form.
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.
Definition
placing of crypto-assets
Definition
distributed ledger
Definition
reception and transmission of orders for crypto-assets on behalf of clients
Definition
exchange of crypto-assets for funds
Definition
consensus mechanism
Definition
operation of a trading platform for crypto-assets
Definition
crypto-asset service
- providing custody and administration of crypto-assets on behalf of clients;
- operation of a trading platform for crypto-assets;
- exchange of crypto-assets for funds;
- exchange of crypto-assets for other crypto-assets;
- execution of orders for crypto-assets on behalf of clients;
- placing of crypto-assets;
- reception and transmission of orders for crypto-assets on behalf of clients;
- providing advice on crypto-assets;
- providing portfolio management on crypto-assets;
- providing transfer services for crypto-assets on behalf of clients;
Definition
offer to the public
Definition
providing advice on crypto-assets
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offeror
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execution of orders for crypto-assets on behalf of clients
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crypto-asset service provider
Definition
crypto-asset
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DLT network node
Definition
funds
Definition
client
Definition
issuer
Definition
exchange of crypto-assets for other crypto-assets
Definition
providing custody and administration of crypto-assets on behalf of clients
Definition
providing transfer services for crypto-assets on behalf of clients
Definition
distributed ledger technology