Source: OJ L, 2025/292, 13.2.2025Current language: EN
Article 1 Cooperation arrangements
Summary What does Article 1 of the RTS on third country supervisory cooperation say?
This article serves a purely procedural and administrative purpose, directing competent authorities of Member States to a standardised template document for establishing cooperation arrangements.
The template itself is contained in the Annex to this Regulation.
This article directly supports and operationalises Article 107(1) of Regulation (EU) 2023/1114 (MiCA), which requires competent authorities to enter into such cooperation arrangements.
Important points:
- Competent authorities are required to use the template document set out in the Annex when establishing cooperation arrangements under Article 107(1) of MiCA.
- The use of the template applies "where possible", indicating it is the default standard form rather than a rigid obligation.
- Competent authorities covered include those designated for crypto-asset service providers, issuers of asset-referenced tokens, and issuers of e-money tokens.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
The template document to be used by competent authorities of Member States, where possible for cooperation arrangements pursuant to Article 107(1) of Regulation (EU) 2023/1114 is set out in the Annex to this Regulation.
Relevant recitals
Recital 1 Obligation to conclude cooperation arrangements with third countries
Article 107(1) of Regulation (EU) 2023/1114 requires the competent authorities of Member States to conclude, where necessary, cooperation arrangements with supervisory authorities of third countries concerning the exchange of information and the enforcement of obligations arising under that Regulation in third countries.
Recital 2 Use of template for cooperation arrangements
In concluding new cooperation arrangements and updating existing cooperation arrangements with third-country authorities, the competent authorities should, where possible, use the template document set out in this Regulation.
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
official currency
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
e-money token
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
crypto-asset service provider
Definition
crypto-asset
Definition
DLT network node
Definition
funds
Definition
client
Definition
asset-referenced token
Definition
issuer
Definition
exchange of crypto-assets for other crypto-assets
Definition
electronic money token
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
competent authority
- 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;