More information follows for DLT operators issuing, offering, or seeking admission to trading of tokens, or providing token services.

Minimum content:

Part A: General information about the operator

1. Issuer name;
2. Registered office;
3. Identifier of the legal entity;
4. Group of companies, if the issuer is part of it;
5. Identity,  address  and  functions  of  persons  belonging  to  the body   of  the issuer’s management;
6. Statement of Drafting, Form and Publication;
7. Potential Conflicts of Interest;
8. Details of the issuer’s financial results for the last three years or, if the issuer was incorporated less than three years ago, the issuer’s financial results since the date of its incorporation;
9. Financial Condition  in  last  three  years  of the  offeror  or  person  requesting admission to trading or, if  the  offeror or  the  person  asking for admission to trading was established less than three years ago, its financial condition from the date of its registration.
10. The financial condition is assessed on the basis of a fair review of the development and results of the business of the offeror or person asking for admission to trading and of its situation for each financial year and interim period for which financial information relating to past financial years is required, including the causes of material changes.
11. The   report   must    provide    an analysis   balanced   and   comprehensive   of the trend   and   the results of the activity of the offeror or person asking for admission to trading and its situation, consistent with the size and complexity of the activity.

Part B: Information on the token project

1. Name of the project and token (if different from the name of the offeror or person asking for admission to trading) and abbreviation or ticker;
2. Token type:  description  of  the  characteristics,  including  the  data  necessary  for  classification of the token White Paper and  token features  offerings  including information on the expected timing of the features;
3. Brief description of the project;
4. Details  of  all  natural  persons  or  legal entities  involved  in the implementation  of the  token project, such as consultants, development teams and crypto-asset service providers;
5. If  the  token project  concerns  utility  tokens,  the  main  characteristics  of the  goods  or  services;
6. Information about the token project, in particular its past and future milestones and, if applicable, resources already allocated to the project (road map);
7. Intended use of any funds or other crypto-assets raised.

Part C: information on the public offering of tokens or their admission to trading

1. Indication certifying whether the White Paper concerns a public offering of tokens;
2. Reasons for the public offering or request for admission to trading;
3. Amount that the offering intends to raise in any fiat currency or in  any other crypto-asset;
4. Any soft cap (minimum amount necessary for the realization of the project) or hard cap (maximum amount of the offer to the public) set for the offer to the public of crypto-assets;
5. Issuance price of the token subject to the offer to the public (in an official currency), any  fees  of  applicable subscription  or  the  method  for  determining  the offer price;
6. Total number of tokens that are the subject of the offer to the public or admitted to trading;
7. Indication of the potential holders to whom the offer to the public of tokens or the admission of such  tokens  to  trading is addressed,  including  any  restrictions  as regards the type of holders of such tokens;
8. Specific notice regarding the fact that purchasers participating in the public offering of tokens are entitled to be reimbursed if the minimum subscription target is not reached at the end of the public offering, if they exercise the right of withdrawal provided for or if the offering is cancelled;
9. Detailed description of the reimbursement mechanism, referred to in point 8, including the expected timeframe for the completion of such reimbursements;
10. Information about the various stages of the token offering to the public, including information about the discounted purchase price for early buyers (pre-sales to the public). In case of discounted purchase price for some buyers, explanation of the reason why the purchase price may be different and description of the consequences for other investors;
11. Payment methods for the purchase of the offered tokens and methods of transferring value to buyers when they are entitled to a refund;
12. Information on the right of withdrawal;
13. Information on the methods and timing of transfer to the holders of the purchased tokens;
14. If applicable, the name of the service provider for crypto-assets in charge of the placement of the token and the form of such placement (whether or not on the basis of an irrevocable commitment);
15. If applicable, the name of the token trading platform for which admission to trading is sought and information on how investors can access such trading platforms and the related costs;
16. The expenses related to the public offering of tokens;
17. Potential conflicts of interest of persons involved in the public offering or admission to trading, in relation to the offer or admission to negotiation;
18. The law applicable to the public offering of tokens, as well as the competent courts.

Part D: Information on the rights and obligations attached to the tokens

1. A description of the rights and obligations of the buyer, as well as the procedure and conditions for exercising those rights;
2. A description of the conditions under which the rights and obligations may be modified;
3. Where applicable, information on future public offerings of tokens by the issuer and the number of tokens held by the issuer;
4. If the public offering of tokens, or their admission to trading, has utility tokens as its subject, information on the quality and quantity of goods or services to which they give access;
5. If the public offerings of tokens or their admission to trading their admission to trading shall have as their object utility tokens, information on how these can be redeemed for the goods or services to which they refer;
6. If  admission  to  trading is  not  requested,  information  on  how  and  where  it is possible to buy or sell tokens after the public offering;
7. If applicable, restrictions on the transferability of the tokens that are the object of the offering;
8. If tokens have protocols for increasing or decreasing their supply in response to changes in demand, a description of how those protocols work;
9. If applicable, a description of the token value protection systems and compensation systems;
10. The law applicable to the token, as well as the competent courts.

Part F: Risk information

1. A description of the risks associated with the public offering of tokens or their admission to trading;
2. A description of the risks associated with the issuer, if different from the offeror or the person requesting admission to trading;
3. A description of the risks associated with the tokens;
4. A description of the risks associated with the implementation of the project;
5. A description of the risks associated with the technology used, and mitigation measures, if any.