Article 82: Providing transfer services for crypto-assets on behalf of clients
agent:eu:mica:art-82 · sha256 49ea99da623a1aaf
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. Crypto-asset service providers providing transfer services for crypto-assets on behalf of clients shall conclude an agreement with their clients to specify their duties and their responsibilities. Such agreement shall include at least the following:
(a)
the identity of the parties to the agreement;
(b)
a description of the modalities of the transfer service provided;
(c)
a description of the security systems used by the crypto-asset service provider;
(d)
fees applied by the crypto-asset service provider;
(e)
the applicable law.
2. ESMA, in close cooperation with EBA, shall issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 for crypto-asset service providers providing transfer services for crypto-assets on behalf of clients as regards procedures and policies, including the rights of clients, in the context of transfer services for crypto-assets.
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