Source: OJ L, 2025/418, 24.3.2025

Article 1 Scope of application

Summary What does Article 1 of this Regulation say?

This is the scope article, defining which entities fall under the Regulation.

It covers issuers of asset-referenced tokens and e-money tokens, with the primary focus on those deemed "significant." However, the scope can extend beyond significant issuers to capture non-significant ones where a competent authority specifically requires it under Regulation (EU) 2023/1114, meaning the reach of this Regulation is not fixed and can be expanded on a case-by-case basis.

Important points:

Issuers of significant asset-referenced tokens and electronic money institutions issuing significant e-money tokens are automatically subject to this Regulation.
Issuers of non-significant tokens can also be brought into scope where a competent authority requires it under Regulation (EU) 2023/1114.
Competent authorities therefore play a gatekeeping role in determining whether non-significant issuers are subject to these rules.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

This Regulation applies to the following issuers of asset referenced tokens or e-money tokens:

issuers of significant asset-reference tokens;
electronic money institutions issuing significant e-money tokens;
issuers of asset-reference tokens that are not significant, where required by the competent authority under Article 35(4) of Regulation (EU) 2023/1114;
electronic money institutions issuing e-money tokens that are not significant, where required by the competent authority under Article 58(2) of Regulation (EU) 2023/1114.

Table of contents

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.