Regulatory Alerts2025-12-22
Instruction No. 2025-I-23 on the Legal Opinion Model for Tokens Referencing One or More Assets
The Autorité de contrôle prudentiel et de résolution (ACPR) mandates that credit institutions and token issuers referencing assets use a standardized legal opinion model to submit assessments under Articles 17 and 18 of the EU Crypto-Assets Regulation. This requirement applies to legal opinions regarding the qualification of tokens referencing one or more assets, as stipulated in the French Monetary and Financial Code. Issuers must file the completed electronic legal opinion via the ACPR portal.
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