Crypto-asset service providers that provide the services referred to in Articles 75 to 79 shall have in place a plan that is appropriate to support an orderly wind-down of their activities under applicable national law, including the continuity or recovery of any critical activities performed by those service providers. That plan shall demonstrate the ability of crypto-asset service providers to carry out an orderly wind-down without causing undue economic harm to their clients.
Title V: AUTHORISATION AND OPERATING CONDITIONS FOR CRYPTO-ASSET SERVICE PROVIDERS | Chapter 2
Article 74
Orderly wind-down of crypto-asset service providers
Related Technical Standards & Guidelines
Guidelines
- GuidelinesESMAIn force
CASP Wind-Down Guidelines
Guidelines on plans and procedures for orderly wind-down of crypto-asset service providers.
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(81)
CASP organisational requirements
Summary: Crypto-asset service providers should be subject to strong organisational requirements.