Article 18: Application for authorisation
agent:eu:mica:art-18 · sha256 2a4d6f6cbdd52aa1
Turnover framework under the act
The act sets no turnover framework. Penalties are laid down by the Member States.
Affected roles
Not in the register yet.
Affected industries
banking
Obligations
Not in the register yet.
Article text
1. Legal persons or other undertakings that intend to offer to the public or seek the admission to trading of asset-referenced tokens shall submit their application for an authorisation referred to in Article 16 to the competent authority of their home Member State.
2. The application referred to in paragraph 1 shall contain all of the following information:
(a)
the address of the applicant issuer;
(b)
the legal entity identifier of the applicant issuer;
(c)
the articles of association of the applicant issuer, where applicable;
(d)
a programme of operations, setting out the business model that the applicant issuer intends to follow;
(e)
a legal opinion that the asset-referenced token does not qualify as either of the following:
(i)
a crypto-asset excluded from the scope of this Regulation pursuant to Article 2(4); or
Machine-readable formThe article in the registerChangesSource: NovaCopilot