Cap. 590 Art. 65Further transitory provisions relating towhite papers.
PART XI
(1) Where a person has made, either directly or through a
VFA agent, a request to the competent authority to register a white paper in accordance with article 3(4) prior to the first date of coming into force of the Markets in Crypto-Assets Act and the competent authority has not yet determined, in terms of the said article, whether or not to register that white paper by such date, the said person shall notify the competent authority in writing, whether it wishes to proceed with its request for the registration of the white paper or whether it wishes to withdraw the said request:
Provided that, where such person does not notify the competent authority, in accordance with this sub-article, within one (1)
month from the first date of coming into force of the Markets in
Crypto-Assets Act the competent authority shall deem the request made by such person to have been withdrawn.
(2) Notwithstanding the provisions of this Act, and any regulations made, and rules issued thereunder, requests for the registration of white papers in accordance with article 3(4) may not be made to, and in any case shall not be accepted by the competent authority as from 1 August 2024.
(3) Any whitepaper relating to an e-money token which is registered by the competent authority under this Act shall be deemed to have automatically been deregistered on 30 June 2024.
(4) Any whitepaper relating to a virtual financial asset other than an e-money token or an asset- referenced token which is registered by the competent authority under this Act shall automatically be deregistered on 30 December 2024.
(5) The provisions of articles 3 to 13 shall cease to have effect as from 30 December 2024.
Amendment history
- Amended by XXXVI.2024.63