Europejski Urząd Nadzoru Bankowego, Ostateczny projekt technicznych standardów regulacyjnych określających wysoko płynne instrumenty finansowe o minimalnym ryzyku rynkowym, ryzyku kredytowym i ryzyku koncentracji zgodnie z artykułem 38 ust. 5 Rozporządzenia (UE) 2023/1114

EBA/RTS/2024/11

13 June 2024

Final Report Draft Regulatory Technical Standards to specify the highly liquid financial instruments with minimal market risk, credit risk and concentration risk under Article 38(5) of Regulation (EU) 2023/1114

Article 38(1) of Regulation (EU) 2023/1114 requires that issuers of asset-referenced tokens, irrespective of whether they are significant or not, that decide to invest the proceeds they receive from the issuance of the tokens and form part of the reserve of assets, shall do it in financial instruments that are highly liquid and with minimal market risk, credit risk and concentration risk. These highly liquid financial instruments shall be capable of being liquidated rapidly with minimal adverse price effect since they need to be effective to be able to meet in a prompt manner any redemption request stemming from the token holders at any time including under stress.

The requirement of a reserve of assets applies as well to electronic money (e-money)...