Source: OJ L, 2025/306, 31.3.2025Current language: SV
- Markets in crypto-assets
Crypto-asset service provider
- ITS on CASP authorisation
Artikel 5 Meddelande av beslut
Summary What does Article 5 of the ITS on CASP authorisation say?
This brief article addresses the final step in the authorisation process, building directly on the procedural framework established in earlier articles.
It covers how competent authorities must communicate their decision to grant or refuse authorisation to an applicant, referencing the timeline set out in Article 63(9) of Regulation (EU) 2023/1114.
Important points:
- Competent authorities are required to notify applicants of their authorisation decision, whether granting or refusing it.
- Competent authorities must deliver this notification in paper form, by electronic means, or both.
- This article connects to Article 63(9) of Regulation (EU) 2023/1114, which governs the applicable time limit for reaching that decision.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
Behöriga myndigheter ska meddela sökanden sitt beslut om att bevilja eller neka auktorisationen i enlighet med artikel 63.9 i förordning (EU) 2023/1114 på elektronisk väg, i pappersformat eller bådadera.
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.