Source: OJ L, 2025/421, 24.3.2025

Article 2 Legal Entity Identifiers

Summary What does Article 2 of the RTS on crypto-asset white paper classification say?

This article sets out specific requirements for persons drawing up crypto-asset white papers when using the ISO 17442 Legal Entity Identifier.

It connects directly to the broader white paper framework established under Regulation (EU) 2023/1114, specifically the articles governing white papers for crypto-assets, asset-referenced tokens, and e-money tokens.

The article essentially ensures that any Legal Entity Identifier used in these white papers meets recognised international standards and is verifiably registered within the global system.

Important points:

Persons drawing up a crypto-asset white paper must ensure any ISO 17442 Legal Entity Identifier used is valid and issued through a Local Operating Unit of the Global Legal Entity Identifier System.
The identifier must also be included in the Global Legal Entity Identifier database maintained by the Central Operating Unit appointed by the Regulatory Oversight Committee.
This obligation applies specifically in the context of white papers drawn up under Articles 6, 19, or 51 of Regulation (EU) 2023/1114.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

When using the ISO 17442 Legal Entity Identifier, persons drawing up a crypto-asset white paper referred to in Articles 6, Article 19 or Article 51 of Regulation (EU) 2023/1114 shall ensure that the identifier is:

valid and issued in accordance with the terms of any of the Local Operating Units of the Global Legal Entity Identifier System;
included in the Global Legal Entity Identifier database maintained by the Central Operating Unit appointed by the Regulatory Oversight Committee.

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