Rule reference
Rules
42 deterministic checks, generated from the rule set of package version 1.2.1, built from source that may include unreleased changes. Each page states the citation, how the status is set, synthetic examples that are tested on every build, and the limits of the check.
A pass means a check matched. It is not a compliance opinion. Not legal advice.
Annex I · other crypto-assets (20 rules)
| Rule | Checks for | Severity | Citation |
|---|---|---|---|
COMMON.SUMMARY | Plain-language summary | BLOCKER | Art. 6(7), Art. 19(6), Art. 51(6) MiCAR |
COMMON.RISK_WARNING | Mandatory risk warning statement | BLOCKER | Art. 6(5), Art. 19(4), Art. 51(4) MiCAR |
COMMON.MANAGEMENT_STATEMENT | Statement by the management body on completeness, fairness, and clarity | BLOCKER | Art. 6(6), Art. 19(5), Art. 51(5) MiCAR |
COMMON.NOTIFICATION_DATE | Date of notification to the competent authority | MAJOR | Art. 6(8), Art. 19(7), Art. 51(7) MiCAR |
COMMON.LANGUAGE | Language of the white paper (home Member State official language or customary in international finance) | MAJOR | Art. 6(9), Art. 19(8), Art. 51(8) MiCAR |
COMMON.IXBRL_TAGGING | Inline XBRL (iXBRL) compliance and ESMA metadata tagging | BLOCKER | Art. 2 Regulation (EU) 2024/2984 |
COMMON.LEI_CHECK_DIGITS | Legal Entity Identifier format and check digits (ISO 17442, ISO/IEC 7064 MOD 97-10) | MAJOR | Annex I, Part A, point 5, Part B, point 5, Part C, point 5, Annex II, Part A, point 5, Annex III, Part A, point 5 MiCAR |
COMMON.LEI_CONSISTENCY | Legal Entity Identifiers agree across the party sections and the rest of the draft | MAJOR | Annex I, Part A, point 5, Part B, point 5, Part C, point 5, Annex II, Part A, point 5, Annex III, Part A, point 5 MiCAR |
ANNEX_I.NOT_APPROVED_STATEMENT | First-page statement that no competent authority has approved the white paper (wording only; first-page placement not checked) | BLOCKER | Art. 6(3) MiCAR |
ANNEX_I.A | Information about the offeror or person seeking admission to trading | BLOCKER | Annex I, Part A MiCAR |
ANNEX_I.A.P6 | Contact telephone number, e-mail address and response time in days of the offeror or person seeking admission to trading | BLOCKER | Annex I, Part A, point 6 MiCAR |
ANNEX_I.B | Information about the issuer, if different from the offeror or person seeking admission | MAJOR | Annex I, Part B MiCAR |
ANNEX_I.C | Information about the operator of the trading platform, where applicable | MINOR | Annex I, Part C MiCAR |
ANNEX_I.D | Information about the crypto-asset project | BLOCKER | Annex I, Part D MiCAR |
ANNEX_I.E | Information about the offer to the public or admission to trading | BLOCKER | Annex I, Part E MiCAR |
ANNEX_I.F | Information about the crypto-asset (type, characteristics, functionality) | BLOCKER | Annex I, Part F MiCAR |
ANNEX_I.G | Rights and obligations attached to the crypto-asset | BLOCKER | Annex I, Part G MiCAR |
ANNEX_I.H | Information on the underlying technology | BLOCKER | Annex I, Part H MiCAR |
ANNEX_I.I | Risk factors (offer or admission to trading, issuer, crypto-assets, project implementation, technology and any mitigation measures) | BLOCKER | Annex I, Part I MiCAR |
ANNEX_I.J | Principal adverse environmental and climate-related impact of the consensus mechanism | MAJOR | Art. 6(1), first subparagraph, point (j) MiCAR in conjunction with Art. 4 Regulation (EU) 2025/422; Annex, Table 2, Part J Regulation (EU) 2024/2984 |
Annex II · asset-referenced tokens (20 rules)
| Rule | Checks for | Severity | Citation |
|---|---|---|---|
COMMON.SUMMARY | Plain-language summary | BLOCKER | Art. 6(7), Art. 19(6), Art. 51(6) MiCAR |
COMMON.RISK_WARNING | Mandatory risk warning statement | BLOCKER | Art. 6(5), Art. 19(4), Art. 51(4) MiCAR |
COMMON.MANAGEMENT_STATEMENT | Statement by the management body on completeness, fairness, and clarity | BLOCKER | Art. 6(6), Art. 19(5), Art. 51(5) MiCAR |
COMMON.NOTIFICATION_DATE | Date of notification to the competent authority | MAJOR | Art. 6(8), Art. 19(7), Art. 51(7) MiCAR |
COMMON.LANGUAGE | Language of the white paper (home Member State official language or customary in international finance) | MAJOR | Art. 6(9), Art. 19(8), Art. 51(8) MiCAR |
COMMON.IXBRL_TAGGING | Inline XBRL (iXBRL) compliance and ESMA metadata tagging | BLOCKER | Art. 2 Regulation (EU) 2024/2984 |
COMMON.LEI_CHECK_DIGITS | Legal Entity Identifier format and check digits (ISO 17442, ISO/IEC 7064 MOD 97-10) | MAJOR | Annex I, Part A, point 5, Part B, point 5, Part C, point 5, Annex II, Part A, point 5, Annex III, Part A, point 5 MiCAR |
COMMON.LEI_CONSISTENCY | Legal Entity Identifiers agree across the party sections and the rest of the draft | MAJOR | Annex I, Part A, point 5, Part B, point 5, Part C, point 5, Annex II, Part A, point 5, Annex III, Part A, point 5 MiCAR |
ANNEX_II.A | Information about the issuer of the ART (identity, management body, governance arrangements) | BLOCKER | Annex II, Part A MiCAR |
ANNEX_II.B | Information about the asset-referenced token (characteristics, plans and milestones) | BLOCKER | Annex II, Part B MiCAR |
ANNEX_II.C | Information about the offer to the public of the ART or its admission to trading | BLOCKER | Annex II, Part C MiCAR |
ANNEX_II.D | Rights and obligations of holders (permanent right of redemption, complaints handling) | BLOCKER | Annex II, Part D in conjunction with Art. 39 MiCAR |
ANNEX_II.E | Information on the underlying technology (DLT, protocols, consensus mechanism, audit outcome) | BLOCKER | Annex II, Part E MiCAR |
ANNEX_II.F | Risk factors specific to ARTs (reserve of assets, issuer, offer or admission to trading, token, operationalisation, technology and any mitigation measures) | BLOCKER | Annex II, Part F MiCAR |
ANNEX_II.G.COMPOSITION_DISCLOSURE | Reserve composition and value alignment mechanism (Annex II Part G Nos. 1 and 2 MiCAR) | BLOCKER | Annex II, Part G, points 1 and 2 MiCAR |
ANNEX_II.G.DEPOSIT_FLOOR_REVIEW | Candidate deposit floor for the reserve (30 % under Art. 36(4)(d); 60 % under Art. 45(7)(b) for significant ARTs, or for non-significant ARTs via Arts. 35(4) and 45(3) MiCAR) - lawyer review required | BLOCKER | Annex II, Part G in conjunction with Art. 35(4), Art. 36(4), point (d), Art. 45(3) and Art. 45(7), point (b) MiCAR |
ANNEX_II.G.CUSTODY | Custody of the reserve assets (Art. 37 MiCAR) and their legal segregation (Art. 36(2) MiCAR) | BLOCKER | Annex II, Part G in conjunction with Art. 36(2), Art. 37 MiCAR |
ANNEX_II.G.VALUATION_AUDIT | Referenced assets and valuation of the components of the claim (Annex II Part D No. 10 MiCAR) | BLOCKER | Annex II, Part D, point 10 MiCAR |
ANNEX_II.H | Principal adverse environmental and climate-related impact of the consensus mechanism | MAJOR | Art. 19(1), first subparagraph, point (h) MiCAR in conjunction with Art. 4 Regulation (EU) 2025/422; Annex, Table 3, Part H Regulation (EU) 2024/2984 |
ANNEX_II.I | Redemption rights and procedure (timing, fees, suspension conditions) | BLOCKER | Annex II, Part D, points 9, 14, 15 and 16, Part G, point 3 in conjunction with Art. 39, Art. 46(1), third subparagraph, point (c) and Art. 46(4) MiCAR |
Annex III · e-money tokens (18 rules)
| Rule | Checks for | Severity | Citation |
|---|---|---|---|
COMMON.SUMMARY | Plain-language summary | BLOCKER | Art. 6(7), Art. 19(6), Art. 51(6) MiCAR |
COMMON.RISK_WARNING | Mandatory risk warning statement | BLOCKER | Art. 6(5), Art. 19(4), Art. 51(4) MiCAR |
COMMON.MANAGEMENT_STATEMENT | Statement by the management body on completeness, fairness, and clarity | BLOCKER | Art. 6(6), Art. 19(5), Art. 51(5) MiCAR |
COMMON.NOTIFICATION_DATE | Date of notification to the competent authority | MAJOR | Art. 6(8), Art. 19(7), Art. 51(7) MiCAR |
COMMON.LANGUAGE | Language of the white paper (home Member State official language or customary in international finance) | MAJOR | Art. 6(9), Art. 19(8), Art. 51(8) MiCAR |
COMMON.IXBRL_TAGGING | Inline XBRL (iXBRL) compliance and ESMA metadata tagging | BLOCKER | Art. 2 Regulation (EU) 2024/2984 |
COMMON.LEI_CHECK_DIGITS | Legal Entity Identifier format and check digits (ISO 17442, ISO/IEC 7064 MOD 97-10) | MAJOR | Annex I, Part A, point 5, Part B, point 5, Part C, point 5, Annex II, Part A, point 5, Annex III, Part A, point 5 MiCAR |
COMMON.LEI_CONSISTENCY | Legal Entity Identifiers agree across the party sections and the rest of the draft | MAJOR | Annex I, Part A, point 5, Part B, point 5, Part C, point 5, Annex II, Part A, point 5, Annex III, Part A, point 5 MiCAR |
ANNEX_III.NOT_APPROVED_STATEMENT | First-page statement that no competent authority has approved the white paper (wording only; first-page placement not checked) | BLOCKER | Art. 51(3) MiCAR |
ANNEX_III.A | Information about the issuer of the EMT (authorisation or exemption, management body) | BLOCKER | Annex III, Part A MiCAR |
ANNEX_III.A.P6 | Contact telephone number, e-mail address and response time in days of the issuer of the EMT | BLOCKER | Annex III, Part A, point 6 MiCAR |
ANNEX_III.B | Information about the e-money token (name, characteristics, persons involved) | BLOCKER | Annex III, Part B MiCAR |
ANNEX_III.C | Information about the offer to the public of the EMT or its admission to trading | BLOCKER | Annex III, Part C MiCAR |
ANNEX_III.D | Rights and obligations of holders (redemption at par value, complaints handling) | BLOCKER | Annex III, Part D in conjunction with Art. 49(4) MiCAR |
ANNEX_III.E | Information on the underlying technology (DLT, protocols, consensus mechanism, audit outcome) | BLOCKER | Annex III, Part E MiCAR |
ANNEX_III.F | Risk factors (issuer, e-money token, technology and any mitigation measures) | BLOCKER | Annex III, Part F MiCAR |
ANNEX_III.G | Principal adverse environmental and climate-related impact of the consensus mechanism | MAJOR | Art. 51(1), point (g) MiCAR in conjunction with Art. 4 Regulation (EU) 2025/422; Annex, Table 4, Part G Regulation (EU) 2024/2984 |
ANNEX_III.SAFEGUARDING | Safeguarding of funds received against EMT issuance (review prompt; no Annex III item asks for safeguarding) | MAJOR | Art. 54 MiCAR in conjunction with Art. 7 EMD2 (Directive 2009/110/EC); Annex III, Part D, point 3 MiCAR |