(4)Similarly, to ensure that competent authorities can effectively supervise the issuance of asset-referenced tokens, competent authorities should exchange information relating to the technical characteristics of such tokens. In addition, they should exchange information necessary to ensure that asset-referenced tokens are only issued by authorised persons, and offered by the issuer or by a person authorised by the issuer. Furthermore, in order to assess whether an issuer of asset-referenced tokens complies with Title III of Regulation (EU) 2023/1114, competent authorities should exchange information and documents on the prudential requirements and governance arrangements of the issuer, including its management body, its suitability and its shareholders as well as any imposed administrative penalties and measures, enforcement actions and information on the issuer’s relevant compliance and conduct history.