1.   Crypto-asset service providers providing transfer services for crypto-assets on behalf of clients shall conclude an agreement with their clients to specify their duties and their responsibilities. Such agreement shall include at least the following:
(a) the identity of the parties to the agreement;
(b) a description of the modalities of the transfer service provided;
(c) a description of the security systems used by the crypto-asset service provider;
(d) fees applied by the crypto-asset service provider;
(e) the applicable law.
2.   ESMA, in close cooperation with EBA, shall issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 for crypto-asset service providers providing transfer services for crypto-assets on behalf of clients as regards procedures and policies, including the rights of clients, in the context of transfer services for crypto-assets.
Title V: AUTHORISATION AND OPERATING CONDITIONS FOR CRYPTO-ASSET SERVICE PROVIDERS | Chapter 3
Article 82
Providing transfer services for crypto-assets on behalf of clients
Related Technical Standards & Guidelines
Regulatory Technical Standards (RTS)
- RTSESMAIn force
Transfer Services RTS
Specifies requirements for CASPs providing transfer services for crypto-assets on behalf of clients.
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(93)
Transfer service definition
Summary: A provider of transfer services for crypto-assets should be an entity that provides for the transfer, on behalf of a client, of crypto-assets from one distributed ledger address or account to another.