Contents
- 1. The application for authorisation shall contain a business…
- 2. The stress scenario referred to in paragraph 1 shall rely…
- 3. Any business plan assumptions shall be credible and realis…
- 4. Where the application for authorisation relates to the off…
- 5. The business plan shall contain the forecast financial inf…
- 6. The programme of operations shall also contain the applica…
2.The stress scenario referred to in paragraph 1 shall rely on severe but plausible stress situations, designed on the basis of Commission Delegated Regulation (EU) 2025/415note. For an application for authorisation relating to the offer to the public or admission to trading of an asset-referenced token for which voluntary classification as significant asset-referenced token is requested as referred to in paragraph 4 of this Article, the stress scenario shall pay particular attention to liquidity stress situations.
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