Source: OJ L, 2025/306, 31.3.2025Current language: EN
- Markets in crypto-assets
Crypto-asset service provider
- ITS on CASP authorisation
Article 2 Submission of the application for authorisation
Summary What does Article 2 of the ITS on CASP authorisation say?
This article sets out the practical requirements for submitting an application for authorisation as a crypto-asset service provider.
Building directly on Article 1, which established the contact point for receiving such applications, this article moves to the mechanics of how an application must be made.
Applicants are required to use a prescribed form (set out in the Annex) and must submit it in a way that ensures the information can be stored, accessed, and reproduced in the future.
Important points:
- Submit your application for authorisation as a crypto-asset service provider using the specific form set out in the Annex of this Regulation.
- Submit the application in a format that allows for storage, future accessibility, and reproduction of the information provided.
- The obligation applies to any legal person or other undertaking seeking authorisation as a crypto-asset service provider under Article 62 of Regulation (EU) 2023/1114.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
A legal person or other undertaking seeking authorisation as a crypto-asset service provider in accordance with Article 62 of Regulation (EU) 2023/1114 (‘applicant’) shall submit to the competent authority its application for authorisation by filling in the form set out in the Annex of this Regulation.
The legal person or other undertaking shall submit the application in a manner which enables storage of information so that it is accessible for future reference and that allows the reproduction of the information stored.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
placing of crypto-assets
Definition
official currency
Definition
distributed ledger
Definition
reception and transmission of orders for crypto-assets on behalf of clients
Definition
exchange of crypto-assets for funds
Definition
consensus mechanism
Definition
operation of a trading platform for crypto-assets
Definition
e-money token
Definition
crypto-asset service
- providing custody and administration of crypto-assets on behalf of clients;
- operation of a trading platform for crypto-assets;
- exchange of crypto-assets for funds;
- exchange of crypto-assets for other crypto-assets;
- execution of orders for crypto-assets on behalf of clients;
- placing of crypto-assets;
- reception and transmission of orders for crypto-assets on behalf of clients;
- providing advice on crypto-assets;
- providing portfolio management on crypto-assets;
- providing transfer services for crypto-assets on behalf of clients;
Definition
offer to the public
Definition
providing advice on crypto-assets
Definition
offeror
Definition
execution of orders for crypto-assets on behalf of clients
Definition
crypto-asset service provider
Definition
crypto-asset
Definition
DLT network node
Definition
funds
Definition
client
Definition
asset-referenced token
Definition
issuer
Definition
exchange of crypto-assets for other crypto-assets
Definition
electronic money token
Definition
providing custody and administration of crypto-assets on behalf of clients
Definition
providing transfer services for crypto-assets on behalf of clients
Definition
distributed ledger technology
Definition
competent authority
- designated by each Member State in accordance with Article 93 concerning offerors, persons seeking admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, issuers of asset-referenced tokens, or crypto-asset service providers;
- designated by each Member State for the application of Directive 2009/110/EC concerning issuers of e-money tokens;