LegalizeCommission Implementing Regulation (EU) 2025/1126 of 5 June 2025 laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to the establishment of standard forms, templates and procedures for the information to be included in the application for authorisation to offer asset-referenced tokens to the public and to seek their admission to trading
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 (1), and in particular to Article 18(7), third subparagraph thereof,
Whereas:
(1) Commission Delegated Regulation (EU) 2025/1125 (2) specifies the information to be contained in an application for authorisation to offer asset-referenced tokens to the public and to seek their admission to trading pursuant to Article 16 of Regulation (EU) 2023/1114.
(2) To facilitate communication between legal persons seeking authorisation under Article 18(6) of Regulation (EU) 2023/1114 and competent authorities, competent authorities should designate a contact point specifically for receiving the applications for authorisation to offer asset-referenced tokens to the public and to seek their admission to tradin and should publish the information on the contact point on their website.
(3) For the purposes of harmonisation, legal persons or other undertakings that intend to offer to the public or seek the admission to trading of asset-referenced tokens (‘applicant issuers’) should submit the information required for such authorisation in a uniform manner and should use across the Union the same standard forms, templates and procedures for the information to be included in the application.
(4) The information submitted by the applicant issuers should be true, accurate, complete and up-to-date from the moment of submission of the application until the moment of granting the authorisation. Given that some information may only refer to the future, any future date included in the information should be specifically identified in the application.
(5) To ensure a prompt and timely handling of applications, competent authorities should confirm the receipt of the application by sending electronically, on paper, or in both forms, an acknowledgement of receipt to the applicant issuer. That acknowledgement of receipt should include the contact details of the persons or function in charge of handling the application for authorisation.
(6) To ensure a clear, transparent and uniform procedure applicable to the assessment of the application submitted to the competent authorities, it is necessary to specify certain procedural rules.
(7) This Regulation is based on the draft implementing technical standards, developed in close cooperation with the European Securities and Markets Authority, submitted to the Commission by the European Banking Authority.
(8) The European Banking Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (3),
HAS ADOPTED THIS REGULATION:
Article 1
Submission of the application for authorisation to offer asset-referenced tokens to the public and to seek their admission to trading
Applicant issuers that submit to their competent authority the application for authorisation referred to in Article 18(1) of Regulation (EU) 2023/1114 in accordance with Delegated Regulation (EU) 2025/1125, shall use the standard form set out in Annex I and the template set out in Annex II to this Regulation.
Competent authorities shall make available on their website their contact details relating to the submission for authorisation, and the standard form set out in Annex I and the template set out in Annex II.
Competent authorities shall indicate on their website how the application for authorisation is to be submitted with all the requested information and documents, via upload on an internet portal indicated on the competent authority’s website or by other electronic means or, for specific documents to be submitted in original in accordance with national law, in paper form. Competent authorities shall clearly indicate on their website or internet portal which documents are to be submitted in original paper form, according to national law.
Where competent authorities require the submission of information in both electronic means and paper form, in case of discrepancy in the information provided, the information submitted in paper form shall prevail.
Article 2
Assessment of completeness of applications
Competent authorities shall deem an application for authorisation to be complete where that application contains all the required information referred in Article 18(2) of Regulation (EU) 2023/1114 and in Delegated Regulation (EU) 2025/1125, with the appropriate content and level of detail enabling the competent authority to carry out the assessment of the application. Where, in accordance with Article 1(4) of this Regulation, the competent authority requires part of the information in paper form, the application shall not be deemed complete until the receipt of the information in paper form.
Where the information provided in the application for authorisation, including the crypto-asset white paper referred to in Article 19 of Regulation (EU) 2023/1114, is assessed and found to be incomplete, competent authorities shall immediately notify the applicant pursuant to Article 20(1) of that Regulation and indicate the missing required information. Competent authorities shall send such notification in paper format or by electronic means and shall indicate the contact details, the modalities, whether via upload on the internet portal, by electronic means or in paper form, and the deadline for the submission of the missing information set in accordance with Article 20(3) of Regulation (EU) 2023/1114.
Upon an application for authorisation being assessed as complete in accordance with Article 20 of Regulation (EU) 2023/1114 and paragraph 1 of this Article, the competent authority shall inform the applicant of that fact, together with the date of receipt of the complete application or, where applicable, the date of receipt of the information that completed the application.
Article 3
Entry into force
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 5 June 2025.
For the Commission The President Ursula VON DER LEYEN
(1) OJ L 150, 9.6.2023, p. 40, ELI: http://data.europa.eu/eli/reg/2023/1114/oj.
(2) Commission Delegated Regulation (EU) 2025/1125 of 5 June 2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the information in an application for authorisation to offer asset-referenced tokens to the public or to seek their admission to trading (OJ L, 2025/1125, dd.mm.yyyy, ELI: http://data.europa.eu/eli/reg_del/2025/1125/oj).
(3) Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12, ELI: http://data.europa.eu/eli/reg/2010/1093/oj).
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