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Article 11 - Transfer services

For the purposes of Article 60(7), point (k), of Regulation (EU) 2023/1114, the notifying entity that intends to provide transfer services for crypto-assets on behalf of clients shall provide to the competent authority the following information:

(a)

details on the types of crypto-assets for which the notifying entity intends to provide transfer services;

(b)

a detailed description of the arrangements put in place by the notifying entity to comply with 2023, including detailed information on the notifying entity’s arrangements and deployed ICT and human resources to address risks promptly, efficiently and thoroughly during the provision of transfer services for crypto-assets on behalf of clients, taking into account potential operational failures and cybersecurity risks;

(c)

where available, a description of the notifying entity’s insurance policy, including on the insurance’s coverage of detriment to client’s crypto-assets that may result from cyber security risks;

(d)

arrangements to ensure that clients are adequately informed about the arrangements referred to in point (b).