Updated 01/07/2025
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Article 17 - Delegated Regulation 2025/305

Article 17

Transfer services

For the purposes of Article 62(2), point (r), of Regulation (EU) 2023/1114, applicants that intend to provide transfer services for crypto-assets on behalf of clients shall provide to the competent authority all of the following information:

(a)

details on the types of crypto-assets for which the applicant intends to provide transfer services;

(b)

a detailed description of the arrangements put in place by the applicant to comply with Article 82 of Regulation (EU) 2023/1114, including detailed information on the applicant’s arrangements and deployed ICT and human resources to address risks promptly, efficiently and thoroughly during the provision of transfer services for crypto-assets on behalf of clients, taking into account potential operational failures and cybersecurity risks;

(c)

where available, a description of the applicant’s insurance policy, including on the insurance’s coverage of detriment to client’s crypto-assets that may result from cyber security risks;

(d)

arrangements to ensure that clients are adequately informed about the policies, procedures and arrangements referred to in point (b).