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Book VII - Token Issuers and Digital Assets Services Providers
Title II - Digital Assets Services Providers
Chapter II - Specific provisions applicable to licensed digital assets services providers
Section 1 - Provisions applicable to the service of custody of digital assets on behalf of third parties
Article 722-2 from 19/12/2019 to 29/07/2023

Article 722-2 into force from to

  • Version into force from to
ELI : /en/eli/fr/aai/amf/rg/article/722-2/20191219/notes

A digital assets custodian may use a third party (“sub-custodian”) to perform the duties described in Article D. 54-10-1 of the Monetary and Financial Code if it complies with the following conditions:

  1. The sub-custodian is not used for all of the tasks incumbent on the custodian; and

  2. The custodian ensures that the services providers it uses comply with the obligations for which it is responsible.

The digital assets custodian's responsibility to its client is not affected by the fact that it uses a sub-custodian.