The guidelines seek to evaluate the suitability of shareholders or members, whether direct or indirect, who hold qualifying stakes in ART or CASP issuers
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly introduced a consultation paper on October 20.
It features two drafts that pertain to evaluating the suitability of members in the management body and shareholders or individuals holding qualifying stakes in issuers of asset-referenced tokens (ARTs) and crypto asset service providers (CASPs).