Contents
- 1. The competent authority of the home Member State shall not…
- 2. The competent authority shall grant to the relevant issuer…
- 3. Within 25 working days from receipt of the notification on…
- 4. The relevant issuer shall inform the competent authority i…
- 5. The competent authority shall closely monitor the implemen…
- 6. The relevant issuer shall inform the competent authority o…
1.The competent authority of the home Member State shall notify the timeframe within which an issuer of asset-referenced tokens or e-money tokens referred to in Article 1 shall adjust its own funds, within 25 working days from the notification of a decision to classify an asset-referenced token or e-money token as significant, or from the notification to the issuer to comply with the requirement of Article 45(5) of Regulation (EU) 2023/1114. That timeframe shall be set after a dialogue with the relevant issuer.
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