Article 120: Non-binding opinions of the colleges for issuers of significant asset-referenced tokens and significant e-money tokens

1. A college referred to in Article 119(1) may issue a non-binding opinion on the following:

(a)

the supervisory reassessment as referred to in Article 117(3);

(b)

any decision to require an issuer of a significant asset-referenced token or a significant e-money token to hold a higher amount of own funds in accordance with Article 35(2), (3) and (5), Article 45(5) and Article 58(1), as applicable;

(c)

any update of the recovery plan or redemption plan of an issuer of a significant asset-referenced token or an issuer of a significant e-money token pursuant to Articles 46, 47 and 55, as applicable;

(d)

any change of the business model of an issuer of a significant asset-referenced token pursuant to Article 25(1);

(e)

a draft modified crypto-asset white paper drawn up in accordance with Article 25(2);

(f)

any envisaged appropriate corrective measures pursuant to Article 25(4);

(g)