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In this act Article 14 of 18

Article 14 — Identification of clients that are legal entities

Financial servicesLevel 2RTSMiCAIn forceOfficial source

14(1)

1.When providing to the competent authorities the information referred to in Articles 6 and 7, a crypto-asset service provider shall identify any clients that are legal entities by using a legal entity identifier code corresponding to those clients.

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14(2)

2.Crypto-asset service providers shall record the legal entity identifier codes that comply with the ISO 17442 standard and are included in the Global LEI database maintained by the Central Operating Unit appointed by the Legal Entity Identifier Regulatory Oversight Committee.

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14(3)

3.Where the client does not have a legal entity identifier compliant with the ISO 17442 standard, the crypto asset service provider shall obtain one for the client, or use an identifier defined at Union level which meets all of the following characteristics:

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14(3)(a)
a)is unique;
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14(3)(b)
b)is neutral;
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14(3)(c)
c)is reliable;
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14(3)(d)
d)is open source;
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14(3)(e)
e)is scalable;
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14(3)(f)
f)is accessible;
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14(3)(g)
g)is available for free or at a reasonable cost;
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14(3)(h)
h)is subject to an appropriate governance framework.\
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