On Mar. 31, EC issued final RTS on necessary assessment information.
The European Commission issued final Reg 2025/413 in the EU Official Journal.
Follows EC Dec. 2024 adopted RTS (C(2024)6902) specifying the detailed content of information necessary to carry out the assessment of a proposed acquisition of a qualifying holding in an issuer of an asset-referenced token, see #211124.
Cover 5 criteria on: reputation of proposed acquirer; suitability of any person who will direct target undertaking; financial soundness of proposed acquirer; sound, prudent management of target undertaking; whether financial crime occurs or may occur.
Effectiveness
Regulation in force on 20th day following publication in Official Journal, Apr. 20, 2025.
