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Commission Implementing Regulation (EU) 2024/2902 of 20 November 2024 laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to reporting related to asset-referenced tokens and to e-money tokens denominated in a currency that is not an official currency of a Member State

Type Implementing Regulation
Publication 2024-11-28
State In force
Text As published
Department European Commission, FISMA
Source EUR-Lex
articles 6

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

Reform history JSON API

XIX.   General remarks on Template S 05.00
29. In accordance with Article 22(1), point (d), of Regulation (EU) 2023/1114, Template S 05.00 shall include information on the average number and average aggregate value of transactions per day during the reporting period, that are associated to uses of an asset-referenced token as a means of exchange within a single currency area.
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30. This template shall follow the requirements set out in Delegated Regulation [C(2024) 6910].
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31. This template shall be reported separately for each single currency area as specified in Article 3(5) of Delegated Regulation [C(2024) 6910].

XX.   Instructions concerning specific positions of Template S 05.00

Row Legal references and instructions
0010 Transactions per day - average For the single currency area determined by the z-axis, transactions that are within that single currency area, in accordance with Article 3(5) of Delegated Regulation [C(2024) 6910].
Column Legal references and instructions
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0010 Number The average number of transactions per day, calculated as the total number of transactions in scope in the reporting period and divide it with the number of calendar days in the reporting period, in accordance with Delegated Regulation [C(2024) 6910].
0020 Amount The average aggregate value of transactions per day, calculated as the sum of the values of all transactions in scope in the reporting period and divide it with the number of calendar days in the reporting period, in accordance with Delegated Regulation [C(2024) 6910].
z-axis Legal references and instructions
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Name of the single currency area This template shall be reported separately for each single currency area in scope. The z-axis shall provide all the different single currency areas based on the location of the holders involved in the transactions in scope, in accordance with Delegated Regulation [C(2024) 6910].
5

Commission Delegated Regulation [C(2024) 6910] of 31 October 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the methodology to estimate the number and value of transactions associated to uses of asset-referenced tokens and of e-money tokens denominated in a currency that is not an official currency of a Member State as a means of exchange (not yet published in the Official Journal).

6

Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions (OJ L 11, 17.1.2015, p. 1, ELI: http://data.europa.eu/eli/reg_del/2015/61/oj).

7

Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27/06/2013, p. 1, ELI: http://data.europa.eu/eli/reg/2013/575/oj).

8

Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338, ELI: http://data.europa.eu/eli/dir/2013/36/oj).

ANNEX III

REPORTING FOR CRYPTO-ASSET SERVICE PROVIDERS
CRYPTO-ASSET SERVICE PROVIDER TEMPLATES CRYPTO-ASSET SERVICE PROVIDER TEMPLATES CRYPTO-ASSET SERVICE PROVIDER TEMPLATES CRYPTO-ASSET SERVICE PROVIDER TEMPLATES
Template number Template code Adressees Name of the template /group of templates
INFORMATION ON HOLDERS INFORMATION ON HOLDERS INFORMATION ON HOLDERS INFORMATION ON HOLDERS
6 S 06.00 Crypto-asset service providers INFORMATION ON HOLDERS
INFORMATION ON TRANSACTIONS INFORMATION ON TRANSACTIONS INFORMATION ON TRANSACTIONS INFORMATION ON TRANSACTIONS
7 S 07.01 Crypto-asset service providers TRANSACTIONS DURING REPORTING PERIOD - TOTAL
7 S 07.02 Crypto-asset service providers TRANSACTIONS DURING REPORTING PERIOD - TOTAL_EU
7 S 07.03 Crypto-asset service providers TRANSACTIONS THAT ARE ASSOCIATED TO ITS USES AS A MEANS OF EXCHANGE WITHIN A SINGLE CURRENCY AREA - TOTAL
7 S 07.04 Crypto-asset service providers DISTRIBUTED LEDGER ADDRESSES FOR MAKING TRANSFERS ON BEHALF OF CLIENTS
INFORMATION ON TOKEN INFORMATION ON TOKEN INFORMATION ON TOKEN INFORMATION ON TOKEN
8 S 08.00 Crypto-asset service providers TOKEN HELD BY CASP
S 06.00 - INFORMATION ON HOLDERS
Holders - at reference date Holders - at reference date Holders - at reference date Holders - at reference date Holders - at reference date
Name Code Type of code Retail/Non-retail Country
0010 0020 0030 0040 0050
S 07.01 - TRANSACTIONS DURING REPORTING PERIOD - TOTAL
Country:
Number Amount
0010 0020
Transactions during reporting period - total 0010
of which made within the country 0020
of which received transaction to the country 0030
of which sent transaction from the country 0040
S 07.02 - TRANSACTIONS DURING REPORTING PERIOD - TOTAL_EU
Number Amount
0010 0020
Transactions during reporting period - total 0010
of which made within the EU 0020
of which received transaction to the EU 0030
of which sent transaction from the EU 0040
S 07.03 - TRANSACTIONS THAT ARE ASSOCIATED TO ITS USES AS A MEANS OF EXCHANGE WITHIN A SINGLE CURRENCY AREA - TOTAL
Single currency area:
Number Amount
0010 0020
Transactions during reporting period - total 0010
S 07.04 - DISTRIBUTED LEDGER ADDRESSES FOR MAKING TRANSFERS ON BEHALF OF CLIENTS
Distributed ledger address
0010
S 08.00 - TOKEN HELD BY CASP
Number Amount
0010 0020
Token held by CASP 0010
of which held via EU clients of the CASP 0020

ANNEX IV

REPORTING FOR CRYPTO-ASSET SERVICE PROVIDERS - INSTRUCTIONS

Table of Contents
PART I: GENERAL INSTRUCTIONS 32
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I. Structure 32
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II. Scope of reporting 32
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PART II: INFORMATION ON HOLDERS (S 06.00) 33
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III. General remarks on Template S 06.00 33
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IV. Instructions concerning specific positions of Template S 06.00 33
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PART III: INFORMATION ON TRANSACTIONS (S 07.01, S 07.02, S 07.03 and S 07.04) 34
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V. General remarks on Template S 07.01 34
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VI. Instructions concerning specific positions of Template S 07.01 35
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VII. General remarks on Template S 07.02 35
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VIII. Instructions concerning specific positions of Template S 07.02 35
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IX. General remarks on Template S 07.03 36
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X. Instructions concerning specific positions of Template S 07.03 36
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XI. General remarks on Template S 07.04 37
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XII. Instructions concerning specific positions of Template S 07.04 37
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PART IV: INFORMATION ON TOKEN (S 08.00) 37
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XIII. General remarks on Template S 08.00 37
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XIV. Instructions concerning specific positions of Template S 08.00 37

PART I:   GENERAL INSTRUCTIONS

I. Structure
1. This Annex contains the instructions for the reporting of the templates for crypto-asset service providers.
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2. This Annex consists of three different sets of templates: (a) Information on holders (S 06.00); (b) Information on transactions (S 07.01, S 07.02, S 07.03 and S 07.04); (c) Information on token (S 08.00).
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3. For each template, legal references are provided. Further detailed information regarding more general aspects of the reporting of each block of templates and instructions concerning specific positions are included in this part of the Implementing Regulation.
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4. The following general notation is followed in the instructions: {Template; Row; Column; z-axis}.

II.   Scope of reporting
5. Crypto-asset service providers shall provide to the issuers the information specified in this Annex, in accordance with Articles 1(2) and 3(2) of this Implementing Regulation.
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6. Crypto-asset service providers shall provide the three sets of templates in this Annex to the respective issuers separately for each asset-referenced token following Article 22(3) of Regulation (EU) 2023/1114, indicating to the issuer which token is the subject of a particular submission, the identification code, reference or name of the token, where available, based on the published crypto-asset white paper for the token.

PART II:   INFORMATION ON HOLDERS (S 06.00)

III.   General remarks on Template S 06.00
7. Template S 06.00, following Article 22(3) of Regulation (EU) 2023/1114, contains the information on the holders that is necessary for the issuers to comply with the reporting requirements set out in this Implementing Regulation.
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8. This template shall contain information as at the end of the reference date, in line with template S 01.00 ‘Number of holders – at reference date’ for issuers as presented in Annex I and II of this Regulation. The country of a holder shall be determined by the holders’ location as follows: (a) for natural persons, their habitual residence; (b) for legal persons, the registered office address.

IV.   Instructions concerning specific positions of Template S 06.00

Column Legal references and instructions
0010 Name The full name for natural persons and the official registered name for legal persons, including any references to the company type in accordance with the national company law, in accordance with the unique identifier provided of the holder in column 0020 of this template.
0020 Code The code as part of a row identifier must be unique for each reported entity. The code shall be unique and used consistently across the templates and across time. The code shall always have a value. The code of the holder, such as national identification number for natural persons or legal entity identifier (LEI) code for legal persons, or any other available applicable official identifier. If a LEI is available, this LEI shall be reported. In order to facilitate the data reconciliation process of the issuers, the following approach shall be considered when reporting the code. There are two lists consisting different types of codes, one for natural persons, and one for legal entities. Crypto-asset service providers shall report the first available type of code from the list specified in column 0030, starting from the 1st option on the list, then moving down one by one for the rest of the options, in case that type of identifier is not available of the holder.
0030 Type of code Types of codes of natural persons: 1. National identification number 2. National tax number 3. Passport number 4. Other type of identification number Types of codes of legal persons: 1. Legal entity identifier (LEI) code 2. Official national registration number or European Unique Identifier (EUID) made available under Directive (EU) 2017/1132 of the European Parliament and of the Council9 3. Official registered tax number 4. Other type of identification number The type of code shall always be reported.
0040 Retail/Non-retail Include Retail or Non-retail, based on the holder in scope. Retail shall be included in case the holder in scope qualifies as a retail holder, as defined in Article 3(1), point 37, of Regulation (EU) 2023/1114. Non-retail shall be included otherwise.
0050 Country Include the name of the country of the holder in scope, in accordance with point 8 of this Annex.
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Row Legal references and instructions
Crypto-asset service providers shall allocate one row for each specific holder in scope. Crypto-asset service providers shall allocate one row for each specific holder in scope.

PART III:   INFORMATION ON TRANSACTIONS (S 07.01, S 07.02, S 07.03 and S 07.04)

V. General remarks on Template S 07.01
9. Template S 07.01, following Article 22(3) of Regulation (EU) 2023/1114, contains the information on the transactions that is necessary for the issuers to comply with the reporting requirements set out in this Implementing Regulation. Template S 07.01 shall include information on the total number and total aggregate value of transactions during the reporting period, presented separately for the countries in the scope of reporting.
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10. Crypto-asset service providers shall follow the below approach for determining which transactions to include in the scope of this template: (a) Transactions, where the crypto-asset service provider is involved and acts as the crypto-asset service provider of the beneficiary or payee of the transaction. In these cases, the originator or payer of the transaction is either also interacting via a crypto-asset service provider; or without crypto-asset service provider involvement, for example via its non-custodial wallet. (b) Transactions, where the crypto-asset service provider is involved and acts as the crypto-asset service provider of the originator or payer of the transaction. In these cases, the beneficiary or payee of the transaction is interacting without a crypto-asset service provider involvement, for example via its non-custodial wallet. These types of transactions are calculated and reported on a best effort basis, due to the limited information the crypto-asset service provider of the originator or payer of the transaction might have on both of the holders involved in the transfers.
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11. The location of the originator and the beneficiary involved in the transactions shall be, following the approach for defining the country of the holders in template S 01.00 ‘Number of holders – at reference date’, as follows: (a) for natural persons, their habitual residence; (b) for legal persons, the registered office address.
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12. Those transactions shall be in scope of this template, where at least one of the holders involved in the transaction is located within the Union. In addition, when the token references an official currency of one of the Member States of the Union, transactions where both of the holders involved are located outside of the Union shall also be included in the scope of reporting.
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13. The issuer shall determine the value of the transactions following the valuation method defined in Article 4(3) of Delegated Regulation [(2024) 6910].
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14. Template S 07.01 shall include a breakdown for the transactions: (a) of which made within the country; (b) of which received transaction to the country; (c) of which sent transaction from the country.
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15. Template S 07.01 shall be reported separately for each country related to the transactions. The countries of a transaction are the countries of residence of the holders involved in the transaction, including the country of the originator and the country of the beneficiary of the transaction.

VI.   Instructions concerning specific positions of Template S 07.01

Row Legal references and instructions
0010 Transactions during reporting period - total For the country determined by the z-axis, transactions where either the location of the originator or the location of the beneficiary is within that country.
0020 Of which made within the country For the country determined by the z-axis, transactions where both the location of the originator and the location of the beneficiary is within that country.
0030 Of which received transaction to the country For the country determined by the z-axis, transactions where the location of the originator is outside of that country and the location of the beneficiary is within that country.
0040 Of which sent transaction from the country For the country determined by the z-axis, transactions where the location of the originator is within that country and the location of the beneficiary is outside of that country.
Column Legal references and instructions
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0010 Number The total number of transactions in the reporting period.
0020 Amount The total aggregate value of transactions in the reporting period.

VII.   General remarks on Template S 07.02
16. The only difference between Template S 07.02 and Template S 07.01 is that Template S 07.02 is for all the transactions in the EU, including in and outflow transactions, and therefore does not have the z-axis determining the country in scope.

VIII.   Instructions concerning specific positions of Template S 07.02

Row Legal references and instructions
0010 Transactions during reporting period - total Transactions where either the location of the originator or the location of the beneficiary is within the Union.
0020 Of which made within the EU Transactions where both the location of the originator and the location of the beneficiary is within the Union.
0030 Of which received transaction to the EU Transactions where the location of the originator is outside of the Union and the location of the beneficiary is within the Union.
0040 Of which sent transaction from the EU Transactions where the location of the originator is within the Union and the location of the beneficiary is outside of the Union.
Column Legal references and instructions
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0010 Number The total number of transactions in the reporting period.
0020 Amount The total aggregate value of transactions in the reporting period.

IX.   General remarks on Template S 07.03
17. Template S 07.03, following Article 22(3) of Regulation (EU) 2023/1114, contains the information on the transactions that is necessary for the issuers to comply with the reporting requirements set out in this Implementing Regulation. For this template those transactions shall be in scope, that are associated to uses of the asset-referenced token as a means of exchange, following Article 22(1), point (d), of Regulation (EU) 2023/1114.
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18. This template shall follow the requirements set out by Delegated Regulation [(2024) 6910].
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19. This template shall be reported separately for each single currency area as specified in Article 3(5) of Delegated Regulation [(2024) 6910].

X. Instructions concerning specific positions of Template S 07.03

Row Legal references and instructions
0010 Transactions during reporting period - total For the single currency area determined by the z-axis, transactions that are within that single currency area, in accordance with Article 3(5) of Delegated Regulation [(2024) 6910].
Column Legal references and instructions
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0010 Number The total number of transactions in the reporting period.
0020 Amount The total aggregate value of transactions in the reporting period.
z-axis Legal references and instructions
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Name of the single currency area This template shall be reported separately for each single currency area in scope. The z-axis shall provide all the different single currency areas based on the location of the holders involved in the transactions in scope, in accordance with Article 3(5) of Delegated Regulation [(2024) 6910].

XI.   General remarks on Template S 07.04
20. Crypto-asset service providers shall provide to the issuers the public distributed ledger addresses they use for making transfers on behalf of their clients. That is to make it easier for issuers to identity which transactions registered on the distributed ledger take place between non-custodial wallets, to provide more information to the issuers for reporting their templates as specified in Annex I and II of this Implementing Regulation, especially S 04.03 ‘Transactions and transfers per day between non-custodial wallets – average’. Template S 07.04 ‘Distributed ledger addresses for making transfers on behalf of clients’ provides this information to the issuers.

XII.   Instructions concerning specific positions of Template S 07.04

Column Legal references and instructions
0010 Distributed ledger address The public distributed ledger addresses that the crypto-asset service provider uses for making transfers on behalf of their clients.
Row Legal references and instructions
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Crypto-asset service providers shall allocate one row for each distributed ledger address in scope. Crypto-asset service providers shall allocate one row for each distributed ledger address in scope.

PART IV:   INFORMATION ON TOKEN (S 08.00)

XIII.   General remarks on Template S 08.00
21. Template S 08.00 shall include information on the number and amount of the token in scope for the reporting templates, that are held by the crypto-asset service provider, and within that to specify the number and amount of those tokens held by EU clients of the crypto-asset service provider. This information shall be shared with the issuer, for the issuer to accurately calculate its aggregated value of their token issued in the EU and related reserve of assets, especially in case the respective token is issued on an international scale outside of the EU as well.

XIV.   Instructions concerning specific positions of Template S 08.00

Row Legal references and instructions
0010 Token held by CASP Those tokens that are held by the crypto-asset service provider.
0020 of which held via EU clients of the CASP Those tokens held by the crypto-asset service provider, which are held by Union clients of the crypto-asset service provider.
Column Legal references and instructions
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0010 Number The number of tokens in scope.
0020 Amount The amount of the tokens in scope. The value of the tokens shall be determined following the valuation method defined in Article 4(3) of Delegated Regulation [(2024) 6910].
9

Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (OJ L 169, 30.6.2017, p. 46, ELI: http://data.europa.eu/eli/dir/2017/1132/oj).

ANNEX V

Part I:   Single Data Point Model

All data items set out in Annexes I and II to this Regulation shall be transformed into a single data point model.

The single data point model shall meet the following criteria:

  • (a) It provides a structured representation of all data items set out in Annex I;
  • (b) It identifies all the business concepts set out in Annex II;
  • (c) It provides a data dictionary identifying table labels, ordinate labels, axis labels, domain labels, dimension labels and member labels;
  • (d) It provides metrics, which define the property or amount of data points;
  • (e) It provides data point definitions that are expressed as a composition of characteristics that univocally identify the concept;
  • (f) it contains all the relevant technical specifications necessary for developing IT reporting solutions producing uniform supervisory data.

Part II:   Validation rules

The data items set out in Annexes I and II to this Regulation shall be subject to validation rules ensuring data quality and consistency.

The validation rules shall meet the following criteria:

  • (a) They define the logical relationships between relevant data points;
  • (b) They include filters and preconditions that define a set of data to which a validation rule applies;
  • (c) They check the consistency of the reported data;
  • (d) They check the accuracy of the reported data;
  • (e) They set default values, which shall be applied where the relevant information has not been reported.

ELI: http://data.europa.eu/eli/reg_impl/2024/2902/oj

ISSN 1977-0677 (electronic edition)

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