(a)information on the applicant issuer’s business activities, including:
(i)main features of the asset-referenced token for which the authorisation is sought, including all of the following:
(1)the name and type of asset-referenced token that the applicant issuer intends to issue and for which authorisation to offer to the public or to seek admission to trading is sought;
(2)specification as to whether the authorisation is sought for an offer to the public or an admission to trading of such asset-referenced token;
(3)description of the mechanism through which the asset-referenced token is issued, including the smart contracts together with an explanatory document on their functioning, the method of payment to buy the asset-referenced token, and the distribution channels, in particular the crypto-asset service providers executing selling orders or crypto-asset exchange platforms;
(4)where an agreement by the applicant issuer is entered into for the distribution of the asset-referenced token, the name and contact details of the distributors and description of the roles, responsibilities, rights and obligations of both the issuer of the asset-referenced token and the distributors, including the law applicable to the agreement;
(5)description of the mechanism through which the asset-referenced token is redeemed, including, where applicable, the indication whether crypto-asset service providers will be involved in the execution of the redemption;
(6)the protocol or consensus mechanism used for validating transactions, including the description of the settlement finality features;
(7)the single or the multiple distributed ledger technology (DLT) where the asset-referenced token is issued and the interoperability bridges between such different DTLs that are available at the time of the application for authorisation, as indicated in the white paper;
(ii)any already existing, outstanding asset-referenced token, e-money token, crypto-assets or other digital assets issued by the applicant issuer, with the indication of the related outstanding amounts, the networks and markets where those are distributed and traded, the amount, composition, custody arrangements and custodians of the related reserve of assets, or safeguarding requirements for e-money tokens, as applicable;
(iii)any other financial and non-financial activity that is carried out by the applicant issuer and that the applicant issuer intends to continue to carry out in case the authorisation is granted, and the interaction among such activities, if any;
(iv)where the applicant issuer belongs to a group, an overview of the organisation and structure of that group, describing the activities of the entities in the group and indicating the parent undertakings, financial holding companies as defined in Article 4(1), point (20), of Regulation (EU) No 575/2013 of the European Parliament and of the Councilnote, mixed financial holding companies as defined in Article 4(1), point (21), of that Regulation, and investment holding companies as defined in Article 4(1), point (20a), of that Regulation, within the group, as well as any authorisation, registration or other licences granted by a competent authority in the financial sector held by any such group entity or by the applicant issuer;