1. Issuers of asset-referenced tokens shall act honestly, fairly and professionally and shall communicate with the holders and prospective holders of asset-referenced tokens in a fair, clear and not misleading manner.
2. Issuers of asset-referenced tokens shall act in the best interests of the holders of such tokens and shall treat them equally, unless any preferential treatment is disclosed in the crypto-asset white paper and, where applicable, the marketing communications.
Title III: ASSET-REFERENCED TOKENS | Chapter 2
Article 27
Obligation to act honestly, fairly and professionally
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(49)
ART issuer conduct obligations
Summary: To ensure protection of retail holders, issuers of asset-referenced tokens should always act honestly, fairly and professionally and in the best interests of the holders of asset-referenced tokens.