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🔗 Back to Summary. 🇫🇷 French Version: 2025R0305_FR.3. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 2 – Programme of operations ⬅️ | ➡️ Article 4 – Information about governance arrangements and internal control mechanisms and conflict of interests
Références LVL1 <=> LVL2
Level 1 reference(s): 2023R1114_EN.62 > 5
Article 3 - Prudential requirements
For the purposes of Article 62(2), point (e), of Regulation (EU) 2023/1114, applicants shall provide to the competent authority all the following information:
(a)
a description of the applicant’s prudential safeguards set out in 2023, consisting of:
(i)
the amount of the prudential safeguards at the time of the application for authorisation and the description of the assumptions used for calculation of that amount;
(ii)
the amount of the prudential safeguards covered by own funds referred to in Article 67(4), point (a), of Regulation (EU) 2023/1114, where applicable;
(iii)
the amount of the applicant’s prudential safeguards covered by an insurance policy referred to in Article 67(4), point (b), of Regulation (EU) 2023/1114, where applicable;
(b)
forecast calculations and plans to determine own funds, including:
(i)
forecast calculation of the applicant’s prudential safeguards for the first 3 business years following the authorisation;
(ii)
planning assumptions including stress scenarios for the forecast referred to in point (i) and explanations of the figures;
(iii)
expected number and type of clients, volume of orders and transactions and volume of crypto assets under custody;
(c)
for undertakings or other legal persons that are already active, where available, the financial statements of the last 3 years approved, where audited, by external auditor;
(d)
a description of the applicant’s prudential safeguards planning and monitoring procedures in accordance with 2023;
(e)
proof that the applicant meets the prudential safeguards set out in 2023, including:
(i)
in relation to own funds referred to in Article 67(4), point (a), of Regulation (EU) 2023/1114:
(1)
documentation specifying how the applicant has calculated the amount of prudential safeguards in accordance with 2023;
(2)
for undertakings or other legal persons that are already active and whose financial statements are not audited, a certification by the national supervisor of the amount of own funds of the applicant;
(3)
for undertakings in the process of being incorporated, a statement issued by a credit institution certifying that the funds are deposited in the applicant’s account;
(ii)
in relation to the insurance policy or comparable guarantee referred to in Article 67(4), point (b) of Regulation (EU) 2023/1114:
(1)
the legal name, the date and Member State of incorporation or foundation, the address of the head office and, where different, of the registered office and contact details of the undertaking authorised to provide the insurance policy or comparable guarantee;
(2)
a copy of any of the following: — the subscribed insurance policy incorporating all the elements necessary to comply with Article 67(5) and (6) of Regulation (EU) 2023/1114, where available, — the insurance agreement incorporating all the elements necessary to comply with Article 67(5) and (6) of Regulation (EU) 2023/1114 signed by an undertaking authorised to provide insurance in accordance with Union or national law.