in force 2024-07-09 INSERTED+1,258 −0§
Amended by Regulation (EU) 2024/1623 32024R1623
applies from: unknown (an inserted provision states its own application date only in prose)
This is a newly inserted article requiring institutions to disclose information on crypto-asset exposures and related crypto-asset services and activities, including exposure amounts, risk exposure for operational risk, accounting classification, business activity descriptions and risk management policies.
It further specifies that more detailed information must be provided on material business activities, including issuance of significant asset-referenced and e-money tokens and provision of crypto-asset services under the referenced Regulation, and it states that the exemption in Article 432 does not apply to these disclosure requirements.
Cited: Art. 451b, v2
text before / after
inserted text (02013R0575-20240709)
Article 451b Disclosure of crypto-asset exposures and related activities 1. Institutions shall disclose the following information on crypto-assets and crypto-asset services as well as any other activities related to crypto-assets: (a) the direct and indirect exposure amounts in relation to crypto-assets, including the gross long and short components of net exposures; (b) the total risk exposure amount for operational risk; (c) the accounting classification for crypto-asset exposures; (d) a description of the business activities related to crypto-assets and their impact on the risk profile of the institution; (e) a specific description of their risk management policies related to crypto-asset exposures and crypto-asset services. For the purposes of the first subparagraph, point (d), of this paragraph, institutions shall provide more detailed information on material business activities, including on the issuance of significant asset-referenced tokens and of significant e-money tokens and on the provision of crypto-asset services under Articles 60 and 61 of Regulation (EU) 2023/1114. 2. Institutions shall not apply the exception laid down in Article 432 for the purposes of the disclosure requirements laid down in paragraph 1 of this Article.