Article 723-6 into force from 10 February 2025 to 29 June 2026

I. - Pursuant to Article 64 of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets and Article L. 54-10-7  IV when the Autorité des Marchés Financiers considers that a crypto-asset services provider no longer complies with the conditions for authorisation, it shall issue the provider with formal notice to remedy its situation within three months.

If it fails to do so, the Autorité des Marchés Financiers shall initiate a procedure for the withdrawal of authorisation under the conditions set out in II of this article.

II. - Before adopting a decision to withdraw the authorisation of a crypto-asset services provider on the basis of Article 64 (1) (a), (c), (d), (e), (f) or (g) or (2) of the Regulation referred to in I, in respect of all or some of the crypto-asset services for which it is authorised, the Autorité des Marchés Financiers shall inform the latter of the reasons why it considers that it is no longer eligible for authorisation and that it has twenty working days in which to convey its observations in writing.

III. - The Autorité des Marchés Financiers shall notify the service provider of its reasoned decision within three months of receiving the service provider's observations. It shall publish this decision on its website and update the list provided for in the last paragraph of Article L. 54-10-7.

The crypto-asset services provider shall inform the public of the withdrawal of its authorisation no later than the day following receipt of notification of the decision of the Autorité des Marchés Financiers. It shall update its website to remove all references to authorisation from the Autorité des Marchés Financiers.

IV. - Where the Autorité de Contrôle Prudentiel et de Résolution wishes to initiate a procedure to withdraw the authorisation of a crypto-asset services provider on the basis of Article 64 (1) (f) or (2) of Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, it shall refer the matter to the Autorité des Marchés Financiers, which shall apply II of this Article.

V. - When the Autorité des Marchés Financiers decides to initiate disciplinary proceedings against a crypto-asset services provider, it may suspend consideration of an application for delisting pending the decision of its Enforcement Committee.