(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),