EU regulatory register · MiCA
Article 25Modification of published crypto-asset white papers for asset-referenced tokens
CELEX 32023R1114 · Read on 2026-08-18
Official text
Read from the EU Publications Office for this CELEX number. The wording stands as published; nothing here is rewritten or summarised.
1. Issuers of asset-referenced tokens shall notify the competent authority of their home Member State of any intended change of their business model likely to have a significant influence on the purchase decision of any holders or prospective holders of asset-referenced tokens, which occurs after the authorisation pursuant to Article 21 or after the approval of the crypto-asset white paper pursuant to Article 17, as well as in the context of Article 23. Such changes include, amongst others, any material modifications to:
(a)
the governance arrangements, including reporting lines to the management body and risk management framework;
(b)
the reserve assets and the custody of the reserve assets;
(c)
the rights granted to the holders of asset-referenced tokens;
(d)
the mechanism through which an asset-referenced token is issued and redeemed;
(e)
the protocols for validating the transactions in asset-referenced tokens;
(f)
the functioning of issuers’ proprietary distributed ledger technology, where the asset-referenced tokens are issued, transferred and stored using such a distributed ledger technology;
(g)
The article continues in the official text.
The text is quoted from the official source and is not legal advice. A national court reads the language version that binds in its jurisdiction.
Verifiable trust signals
- Six fixed blocks, one source per line
- No sentence written by a language model
- Engine version and read date on every answer
- No customer data, no documents, no advice
- Model card and audit published under the EU AI Act