AI Summary of Annex VI Reporting requirements, due diligence procedures and other rules applicable to reporting crypto-asset service providers
This document outlines the obligations of Reporting Crypto-Asset Service Providers (CASPs) in relation to reporting requirements and due diligence procedures as mandated by Regulation (EU) 2023/1114. CASPs must report user information for tax purposes to competent authorities, including details like names, addresses, and transaction specifics, starting from 2026. Conditions are specified for CASPs based on their residency, authorisation status, and the nature of their transactions.
Furthermore, the Annex establishes due diligence protocols for assessing individual and entity users, including verification of tax residencies and significant transactions. Member States are tasked with ensuring compliance through administrative procedures and record-keeping requirements.
Annex VI Reporting requirements, due diligence procedures and other rules applicable to reporting crypto-asset service providers
This Annex lays down the reporting requirements, due diligence procedures and other rules to be applied by the Reporting Crypto-Asset Service Providers in order to enable Member States to communicate, by automatic exchange, the information referred to in Article 8ad.
This Annex also lays down the rules and administrative procedures that Member States are to have in place in order to ensure the effective implementation of, and compliance with, the reporting requirements and the due diligence procedures set out herein.
SECTION I OBLIGATIONS OF REPORTING CRYPTO-ASSET SERVICE PROVIDERS
A. A Reporting Crypto-Asset Service Provider as defined in Section IV, subparagraph B(3), is subject to the reporting and due diligence requirements set out in Sections II and III, respectively, in a Member State, if it is:
1. an Entity authorised by a Member State in accordance with Article 63 of Regulation (EU) 2023/1114 or allowed to provide Crypto-Asset Services following a notification to a Member State in accordance with Article 60 of Regulation (EU) 2023/1114; or
2. not an Entity authorised by a Member State in accordance with Article 63 of Regulation (EU) 2023/1114 or allowed to provide Crypto-Asset Services following a notification to a Member State in accordance with Article 60 of Regulation (EU) 2023/1114, and it is: