Senior management

Definitions over time (1)

13/04/2025 – today applies on 12/11/2026 Article 2, Commission Delegated Regulation (EU) 2025/418 Scope: Whole act

For the purposes of this Regulation, the following definitions shall apply:

‘Senior management’ means those natural persons who exercise executive functions within an issuer of asset-referenced tokens or e-money tokens and who are responsible and accountable to the management body, but are not members of that body, for the day-to-day management of the issuer under the direction of its management body;