Article 1
Scope
This Regulation applies to the following issuers of asset referenced tokens and e-money tokens:
| 
                            (a)  | 
                        
                            issuers of significant asset-referenced tokens;  | 
                     
| 
                            (b)  | 
                        
                            electronic money institutions issuing significant e-money tokens;  | 
                     
| 
                            (c)  | 
                        
                            issuers of asset-referenced tokens that are not significant, where required by a competent authority under Article 35(4) of Regulation (EU) 2023/1114;  | 
                     
| 
                            (d)  | 
                        
                            electronic money institutions issuing e-money tokens that are not significant, where required by a competent authority under Article 58(2) of Regulation (EU) 2023/1114.  |