Comment
Author: Admin | 2025-04-28
Force and every year thereafter, on the application of the legislation and developments in crypto-asset markets. European single access point Amending Regulation (EU) 2023/2869 incorporates within Regulation (EU) 2023/1114 a new article concerning the accessibility of information on the European single access point (ESAP), established under Regulation (EU) 2023/2859 (see summary). The ESAP will provide access to public financial and sustainability-related information about EU companies and EU investment products. From 10 January 2030, when making public any information required under Regulation (EU) 2023/1114, the amending act requires the issuer, offeror or person seeking admission to trading to submit that information at the same time to the relevant collection body for the purpose of making it accessible on the ESAP. The amending regulation also sets out the conditions with which that information must comply. Regulation (EU) 2023/1114 amends: Directive 2013/36/EU (capital requirements); Directive (EU) 2019/1937 (protection of persons who report breaches of EU law); Regulation (EU) No 1093/2010 (establishing the EBA); Regulation (EU) No 1095/2010 (establishing ESMA). FROM WHEN DOES THE REGULATION APPLY? It will apply from 30 December 2024. However, rules on asset-referenced tokens (Title III) and e-money tokens (Title IV) have applied since 30 June 2024. BACKGROUND The legislation is designed to provide legal clarity and certainty for crypto-asset issuers and providers. It aims to boost innovation while preserving financial stability and protecting investors from risks. It is part of the digital finance package adopted by the Commission in September 2020. The package strengthens the EU’s anti-money laundering and countering terrorism financing rules, including rules on information accompanying money transfers. KEY TERMS Offeror. A natural or legal person, or other undertaking, or the issuer, who offers crypto-assets to the public. Legal person. An individual, company or any other legal entity that has legal rights and obligations. MAIN DOCUMENT Regulation
Add Comment