Source: OJ L, 2025/416, 14.3.2025Current language: EN
- Markets in crypto-assets
Crypto-asset service provider
- RTS on trading platform order book records
Article 7 Validity period and order restrictions
Summary What does Article 7 of the RTS on trading platform order book records say?
Article 7 forms part of a broader set of record-keeping obligations placed on crypto-asset service providers operating trading platforms.
Specifically, it deals with how these providers must capture and retain information about the conditions attached to orders — namely their validity periods and any restrictions on those orders.
It further requires that precise date and time records are kept for each validity period.
Important points:
- Record both validity periods and order restrictions for every order placed on the trading platform, as specified in fields 9 and 10 of Table 2 of the Annex.
- Maintain date and time records for each validity period in accordance with field 11 of Table 2 of the Annex.
- Both obligations apply exclusively to crypto-asset service providers operating a trading platform for crypto-assets.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
Crypto-asset service providers operating a trading platform for crypto-assets shall keep a record of the validity periods and order restrictions that are listed in fields 9 and 10 of Table 2 of the Annex.
Records of the dates and times in respect of validity periods shall be maintained for each validity period as specified in field 11 of Table 2 of the Annex.
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
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reception and transmission of orders for crypto-assets on behalf of clients
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exchange of crypto-assets for funds
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consensus mechanism
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operation of a trading platform for crypto-assets
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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
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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
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crypto-asset
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DLT network node
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funds
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client
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issuer
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exchange of crypto-assets for other crypto-assets
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providing custody and administration of crypto-assets on behalf of clients
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providing transfer services for crypto-assets on behalf of clients
Definition
distributed ledger technology