AI Summary of Article 451b Disclosure of crypto-asset exposures and related activities
Institutions are mandated to disclose comprehensive information regarding their exposure to crypto-assets and related services. This includes detailed metrics on both direct and indirect exposures, operational risk amounts, and the accounting classification pertinent to these assets.
Moreover, institutions must elucidate their business activities involving crypto-assets, particularly the issuance of significant asset-referenced and e-money tokens, while expounding on their risk management policies. Crucially, the exception stated in Article 432 does not apply to these disclosure obligations, reinforcing the importance of transparency in this evolving regulatory landscape.
Article 451b Disclosure of crypto-asset exposures and related activities
1. Institutions shall disclose the following information on crypto-assets and crypto-asset services as well as any other activities related to crypto-assets:
(a) the direct and indirect exposure amounts in relation to crypto-assets, including the gross long and short components of net exposures;
(b) the total risk exposure amount for operational risk;
(c) the accounting classification for crypto-asset exposures;
(d) a description of the business activities related to crypto-assets and their impact on the risk profile of the institution;
(e) a specific description of their risk management policies related to crypto-asset exposures and crypto-asset services.