(9)To facilitate market surveillance and to allow for the comparability of the records to be kept by crypto-asset service providers, clients of crypto-asset service providers that are legal entities should be identified with a code that is compatible with the internationally established criteria for the development of robust identification systems for the monitoring of financial markets. Such code should be unique, neutral, reliable, open source, scalable, accessible, available for free or at a reasonable cost, and subject to an appropriate governance framework. These criteria were also used by the competent authorities for assessing the most appropriate identifiers in previous technical standards on supervisory data 5 6 , to ensure consistency and comparability of data on financial transactions, and therefore should also be applicable in the context of this Regulation.
Recital 9
- 6 Commission Implementing Regulation (EU) No 1247/2012 of 19 December 2012 laying down implementing technical standards with regard to the format and frequency of trade reports to trade repositories according to Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories ( OJ L 352, 21.12.2012, p. 20 , ELI: http://data.europa.eu/eli/reg_impl/2012/1247/oj ). ↩
- 5 Commission Implementing Regulation (EU) 2019/363 of 13 December 2018 laying down implementing technical standards with regard to the format and frequency of reports on the details of securities financing transactions (SFTs) to trade repositories in accordance with Regulation (EU) 2015/2365 of the European Parliament and of the Council and amending Commission Implementing Regulation (EU) No 1247/2012 with regard to the use of reporting codes in the reporting of derivative contracts ( OJ L 81, 22.3.2019, p. 85 , ELI: http://data.europa.eu/eli/reg_impl/2019/363/oj ). ↩