Article 53: Marketing communications

1. Marketing communications relating to an offer to the public of an e-money token, or to the admission to trading of such e-money token, shall comply with all the following requirements:

(a)

the marketing communications are clearly identifiable as such;

(b)

the information in the marketing communications is fair, clear and not misleading;

(c)

the information in the marketing communications is consistent with the information in the crypto-asset white paper;

(d)

the marketing communications clearly state that a crypto-asset white paper has been published and clearly indicate the address of the website of the issuer of the e-money token, as well as a telephone number and an email address to contact the issuer.

2. Marketing communications shall contain a clear and unambiguous statement that the holders of the e-money token have a right of redemption against the issuer at any time and at par value.

3. Marketing communications and any modifications thereto shall be published on the issuer’s website.

4. Competent authorities shall not require prior approval of marketing communications before their publication.

5. Marketing communications shall be notified to the competent authorities upon request.

6. No marketing communications shall be disseminated prior to the publication of the crypto-asset white paper. Such restriction does not affect the ability of the issuer of the e-money token to conduct market soundings.