1.For the purposes of Article 18(2), point (f), of Regulation (EU) 2023/1114, the application for authorisation shall contain clear and comprehensive information on the applicant issuer’s organisation, operational structure and governance arrangements demonstrating that they are well designed and that they ensure the sound and prudent management of the applicant issuer. That information shall include:
(a)the organisational chart laying down the operational structure in terms of business lines and units and related allocation of staff, the interactions between the applicant issuer’s various functions, the indication of clear and effective reporting lines and allocation of responsibilities reflecting the applicant issuer’s business activities;
(b)the terms of reference of the management body, with a mapping of the roles, duties and reporting lines of each member;
(c)a detailed and comprehensive description of the foreseen number and profile of human resources, including seniority, skills, expertise of those, and technical resources, including specific features and functions, up-to-datedness, innovative character with an explanation of the adequacy of human and technical resources to implement the business plan;
(d)detailed description of the procedures and arrangements to ensure the accurate and timely reporting of data relating to the asset-referenced token;
(e)a description of the code of conduct laying down the applicant issuer’s ethical and professional corporate values and the risk culture;
(h)a description of the procedures ensuring that the applicant issuer will comply with all the disclosure requirements towards the holders of the asset-referenced token set out in Article 30 of Regulation (EU) 2023/1114;
For the purposes of point (c), the application for authorisation shall also illustrate the actual state of play of the implementation of the envisaged operational structure, including the recruiting plan for the human resources, and the acquisition and operationalisation of the technical resources.