Article 7 Operating rules of the trading platform and market abuse detection

1. the rules on the admission of 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; to trading;

2. the approval process for admitting 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; to trading, including the customer due diligence carried out in accordance with Directive (EU) 2015/849;

3. the list of any categories of 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 will not be admitted to trading and the reasons for such exclusion;

4. the policies, procedures and fees for the admission to trading, together with a description, where relevant, of membership, rebates and the related conditions;

5. the rules governing order execution, including any cancellation procedures for executed orders and for disclosing such information to market participants;

6. the methods put in place to assess the suitability of 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; in accordance with Article 76(2) of Regulation (EU) 2023/1114;

7. the systems, procedures and arrangements put in place to comply with Article 76(7) of Regulation (EU) 2023/1114;

8. the manner of making public any bid and ask prices, the depth of trading interests at those prices that are advertised 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; through their trading platform and price, volume and time of transactions executed in respect of 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; traded on their trading platform, in accordance with Article 76(9) and (10) of Regulation (EU) 2023/1114;

9. the fee structures and a justification on how those structures comply with Article 76(13) of Regulation (EU) 2023/1114;

10. the systems, procedures and arrangements put in place to keep data relating to all orders at the disposal 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; or the mechanism to ensure that 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; has access to the order book and any other trading system;

11. with regards to the settlement of transactions:

    1. whether the final settlement of transactions is initiated on the distributed ledgermeans an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus mechanism; or outside the distributed ledgermeans an information repository that keeps records of transactions and that is shared across, and synchronised between, a set of DLT network nodes using a consensus mechanism;;

    2. the timeframe within which the final settlement of 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; transactions is initiated;

    3. the way to verify the availability of fundsmeans funds as defined in Article 4, point (25), of Directive (EU) 2015/2366; and 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;;

    4. the way to confirm the relevant details of transactions;

    5. the measures foreseen to limit settlement fails;

    6. the moment at which settlement is final and the moment at which final settlement is initiated following the execution of the transaction;

12. the procedures and systems put in place to detect and prevent market abuse, including information on the communications 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; of possible market abuse cases.

Notifying entities intending to operate a trading platform 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; shall provide 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; a copy of the operating rules of the trading platform and of any procedures to detect and prevent market abuse.