Instruction No. 2025-I-14 regarding reporting on issuers of asset-referenced tokens and e-money tokens under Titles III and IV of Regulation (EU) 2023/1114

INSTRUCTION NO. 2025-I-14 regarding reporting on issuers of asset-referenced tokens and e-money tokens under Titles III and IV of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets

The Prudential Control and Resolution Authority (ACPR), Having regard to Regulation (EU) No 1093/2010 of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC; Having regard to Regulation (EU) 2023/1114 of 31 May 2023 on markets in crypto-assets, amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937; Having regard to Commission Implementing Regulation (EU) 2024/2902 of 20 November 2024 laying down implementing technical standards with regard to the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council as regards the reporting on asset-referenced tokens and e-money tokens denominated in a currency that is not an official currency of a Member State; Having regard to EBA/GL/2024/16 of the European Banking Authority of 18 December 2024 on templates to assist competent authorities in carrying out their supervisory tasks regarding compliance by issuers with Titles III and IV of Regulation (EU) 2023/1114 of 31 May 2023; Having regard to the opinion of the Prudential Affairs Consultative Committee of 1 October 2025, DECIDES

Article 1: Entities subject to this instruction The following entities are subject to this instruction:

• Issuers of asset-referenced tokens (ARTs) and;
• Issuers of e-money tokens (EMTs).

Article 2: Decision of the Prudential Control and Resolution Authority Pursuant to Article 22(2) of Regulation (EU) 2023/1114 of 31 May 2023, the ACPR decides to subject issuers of asset-referenced tokens, whose issuance value is less than 100,000,000 EUR, to the submission of forms S 02.00, S 03.01 and S 03.02.

Pursuant to paragraph 17 of EBA/GL/2024/16 of 18 December 2024, the ACPR decides to subject issuers of asset-referenced tokens and issuers of e-money tokens, whose issuance value is less than 100,000,000 EUR, to the submission of form S 03.03.

Article 3: Information to be transmitted to the Prudential Control and Resolution Authority by issuers of asset-referenced tokens Issuers of asset-referenced tokens whose issuance value is greater than 100,000,000 EUR Pursuant to Article 22(1) of Regulation (EU) 2023/1114 of 31 May 2023, and Implementing Regulation (EU) 2024/2902 of 20 November 2024, issuers of asset-referenced tokens, whose issuance value is greater than 100,000,000 EUR, are required to submit to the ACPR forms S 01.00, S 02.00, S 03.01, S 03.02, S 04.01, S 04.02, S 04.03, S 04.04, S 05.00 of Annex I of Implementing Regulation (EU) 2024/2902 of 20 November 2024.

Pursuant to EBA/GL/2024/16 of 18 December 2024, issuers of asset-referenced tokens, whose issuance value is greater than 100,000,000 EUR, are required to submit to the ACPR forms S 03.03, S 09.01, S 09.02, S 10.01, S 10.02, S 10.03 of Annex I of this instruction.

These forms are to be completed in accordance with the instructions contained in Annex II of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and in accordance with the instructions contained in Annex II of this instruction.

Issuers of asset-referenced tokens whose issuance value is less than 100,000,000 EUR Pursuant to Articles 22(1) and 22(2) of Regulation (EU) 2023/1114 of 31 May 2023, Implementing Regulation (EU) 2024/2902 of 20 November 2024, and Article 2 of this instruction, issuers of asset-referenced tokens, whose issuance value is less than 100,000,000 EUR, are required to submit to the ACPR forms S 02.00, S 03.01, S 03.02 of Annex I of Implementing Regulation (EU) 2024/2902 of 20 November 2024.

Pursuant to EBA/GL/2024/16 of 18 December 2024, and Article 2 of this instruction, issuers of asset-referenced tokens, whose issuance value is less than 100,000,000 EUR, are required to submit to the ACPR forms S 03.03, S 09.01, S 09.02 of Annex I of this instruction.

These forms are to be completed in accordance with the instructions contained in Annex II of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and in accordance with the instructions contained in Annex II of this instruction.

Article 4: Information to be transmitted to the Prudential Control and Resolution Authority by issuers of e-money tokens Issuers of e-money tokens whose issuance value is greater than 100,000,000 EUR Pursuant to Articles 22 and 58 of Regulation (EU) 2023/1114 of 31 May 2023, and Implementing Regulation (EU) 2024/2902 of 20 November 2024, issuers of e-money tokens denominated in a currency that is not the official currency of a Member State and whose issuance value is greater than 100,000,000 EUR are required to submit to the ACPR forms S 01.00, S 02.00, S 03.01, S 03.02, S 04.01, S 04.02, S 04.03, S 04.04, S 05.00 of Annex I of Implementing Regulation (EU) 2024/2902 of 20 November 2024.

Pursuant to EBA/GL/2024/16 of 18 December 2024, issuers of e-money tokens denominated in a currency that is not the official currency of a Member State and whose issuance value is greater than 100,000,000 EUR are required to submit to the ACPR:

• Forms S 09.01 and S 09.02 of Annex I of this instruction, if they issue a significant e-money token or are subject to additional own funds requirements by a decision of the ACPR Supervisory College, pursuant to Articles 35 and 58 of Regulation (EU) 2023/1114 of 31 May 2023.
• Forms S 03.03, S 10.01, S 10.02, S 10.03 of Annex I of this instruction.

Pursuant to EBA/GL/2024/16 of 18 December 2024, issuers of e-money tokens denominated in a currency that is the official currency of a Member State and whose issuance value is greater than 100,000,000 EUR are required to submit to the ACPR:

• Forms S 01.00, S 02.00, S 04.01, S 04.02, S 04.03 and S 04.04 of Annex I of Implementing Regulation (EU) 2024/2902 of 20 November 2024.
• Forms S 03.01 and S 03.02 of Annex I of Implementing Regulation (EU) 2024/2902 of 20 November 2024 if they issue a significant e-money token or are subject to the establishment of an asset reserve by a decision of the ACPR Supervisory College, pursuant to Article 58(2) of Regulation (EU) 2023/1114 of 31 May 2023.
• Forms S 03.03, S 10.01, S 10.02, S 10.03 of Annex I of this instruction.
• Forms S 09.01 and S 09.02 of Annex I of this instruction, if they issue a significant e-money token or are subject to additional own funds requirements by a decision of the ACPR Supervisory College, pursuant to Articles 35 and 58 of Regulation (EU) 2023/1114 of 31 May 2023.

These forms are to be completed in accordance with the instructions contained in Annex II of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and in accordance with the instructions contained in Annex II of this instruction.

Issuers of e-money tokens whose issuance value is less than 100,000,000 EUR Pursuant to EBA/GL/2024/16 of 18 December 2024, and Article 2 of this instruction, issuers of e-money tokens whose issuance value is less than 100,000,000 EUR are required to submit to the ACPR:

• Form S 03.03 of Annex I of this instruction.
• Forms S 09.01 and S 09.02 of Annex I of this instruction, if they issue a significant e-money token or are subject to additional own funds requirements by a decision of the ACPR Supervisory College, pursuant to Articles 35 and 58 of Regulation (EU) 2023/1114 of 31 May 2023.

These forms are to be completed in accordance with the instructions contained in Annex II of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and in accordance with the instructions contained in Annex II of this instruction.

Article 5: Frequency and format of data collection and submission dates The forms mentioned in Articles 3 and 4 of this instruction must be submitted quarterly on the following reference and submission dates:

• Reference dates: 31 March, 30 June, 30 September and 31 December;
• Submission dates: 12 May, 11 August, 11 November and 11 February.

The first reference date for the reporting of information contained in the forms subject to the 100,000,000 EUR threshold is the date corresponding to the quarter during which the issuance value of the asset-referenced token or e-money token became greater than that threshold.

The last reference date for the reporting of information contained in the forms subject to the 100,000,000 EUR threshold is the date corresponding to the third consecutive quarter during which the issuance value of the asset-referenced token or e-money token became lower than that threshold.

The first reference date for the reporting of information contained in the forms not subject to the 100,000,000 EUR threshold is the date corresponding to the quarter during which the ACPR required issuers to report this information.

Data must be transmitted by electronic transmission in XBRL format. The forms are transmitted according to the technical specifications necessary for their processing by the General Secretariat of the ACPR and must comply with the definition of data points contained in the data point model and the validation formulas mentioned in Annex 5 of this instruction.

Information not required or not applicable must not be included in the transmitted data.

Numerical values should be presented as facts, according to the following modalities:

• Data points with the data type "monetary" should be expressed with a minimum precision set at the ten-thousands of units.
• Data points with the data type "integer" should be declared without decimals with a precision set at the unit.

The transmitted data must be associated with the information listed and specified in Annex II of Implementing Regulation (EU) 2024/2902 and in Annex II of this instruction.

Article 6: Information to be collected by issuers of asset-referenced tokens and e-money tokens from crypto-asset service providers (CASPs) In order to collect the information necessary to prepare the submission of the aforementioned data points, issuers of asset-referenced tokens and e-money tokens must provide the CASPs with all the forms mentioned in this article.

Information to be collected by issuers of asset-referenced tokens Pursuant to Article 22 of Regulation (EU) 2023/1114 of 31 May 2023, and Implementing Regulation (EU) 2024/2902 of 20 November 2024, issuers of asset-referenced tokens must provide to CASPs who provide services related to tokens forms S 06.00, S 07.01, S 07.02, S 07.03, S 07.04, S 08.00 of Annex III of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and the related instructions as specified in Annex IV of the same delegated regulation.

Pursuant to EBA/GL/2024/16 of 18 December 2024, issuers of asset-referenced tokens must provide to CASPs who provide services related to tokens form S 07.05 of Annex III of this instruction and the related instructions, as specified in Annex IV of this instruction.

Information to be collected by issuers of e-money tokens denominated in a currency that is not the official currency of a Member State Pursuant to Articles 22 and 58 of Regulation (EU) 2023/1114 of 31 May 2023, and Implementing Regulation (EU) 2024/2902 of 20 November 2024, issuers of e-money tokens denominated in a currency that is not the official currency of a Member State must provide to CASPs who provide services related to tokens forms S 06.00, S 07.01, S 07.02, S 07.03, S 07.04, S 08.00 of Annex III of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and the related instructions as specified in Annex IV of the same delegated regulation.

Pursuant to EBA/GL/2024/16 of 18 December 2024, issuers of e-money tokens denominated in a currency that is not the official currency of a Member State must provide to CASPs who provide services related to tokens form S 07.05 of Annex III of this instruction and the related instructions, as specified in Annex IV of this instruction.

Information to be collected by issuers of e-money tokens denominated in a currency that is the official currency of a Member State Pursuant to EBA/GL/2024/16 of 18 December 2024, issuers of e-money tokens denominated in a currency that is the official currency of a Member State must provide to CASPs who provide services related to tokens:

• Forms S 07.01, S 07.02, S 07.04, S 08.00 of Annex III of Implementing Regulation (EU) 2024/2902 of 20 November 2024 and the related instructions as specified in Annex IV of the same delegated regulation.
• Forms S 06.01, S 06.02, S 07.05 of Annex III of this instruction and the related instructions, as specified in Annex IV of this instruction.

Paris, 16 October 2025 The Designated President, Denis BEAU