Source: OJ L, 2025/1142, 10.6.2025Current language: EN
- Markets in crypto-assets
Crypto-asset service provider
- RTS on CASP conflicts of interest
Article 1 Definitions
Summary What does Article 1 of the RTS on CASP conflicts of interest say?
This is the definitions article, establishing the precise meaning of three key terms used throughout the regulation.
It anchors the regulation to the broader MiCA framework (Regulation (EU) 2023/1114) and existing EU company law, ensuring consistent interpretation of the concepts that underpin the conflict of interest rules that follow.
Important points:
- A "connected person" is defined by reference to Article 72(1) of MiCA, meaning this regulation operates as a downstream measure directly supplementing that parent obligation.
- "Remuneration" is defined broadly to capture any form of payment or benefit, financial or non-financial, direct or indirect, made by crypto-asset service providers to clients in connection with crypto-asset services.
- "Group" takes its meaning from Directive 2013/34/EU, anchoring the regulation to established EU company law definitions.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
For the purposes of this Regulation, the following definitions apply:
‘connected person’ means any of the persons referred to in Article 72(1), points (a)(i) to (a)(iv), of Regulation (EU) 2023/1114;
‘remuneration’ means any form of payment or other financial or non-financial benefits provided directly or indirectly by crypto-asset service providers in connection with the provision of crypto-asset services to clients;
‘group’ means a group as defined in Article 2, point (11), of Directive 2013/34/EU of the European Parliament and of the Council(5).
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
group
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
Definition
offeror
Definition
execution of orders for crypto-assets on behalf of clients
Definition
remuneration
Definition
crypto-asset service provider
Definition
crypto-asset
Definition
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
Definition
connected person
Footnote 5