lexiara

(8)

Article 5ad is amended as follows: paragraph 1 is replaced by the following: ‘1. It shall be prohibited to directly or indirectly engage in any transaction with a legal person, entity or body established outside of the Union that: ; is a credit or financial institution or an entity providing crypto-asset services or payment services that provides such services to legal persons, entities and bodies listed in this Regulation or Regulation (EU) No 269/2014 or is otherwise significantly frustrating the purpose of the prohibitions in those Regulations, as listed in Part A of Annex XLV to this Regulation; is a credit or financial institution or an entity providing crypto-asset services or payment services that supports Russia’s war of aggression against Ukraine, including by processing transactions or providing export financing for trade operations that frustrate the purpose of this Regulation, as listed in Part B of Annex XLV to this Regulation; is not a credit or financial institution or an entity providing crypto-asset services or payment services and is significantly frustrating the purpose of the prohibitions set out in Articles 3m, 3n and 3s of this Regulation, as listed in Part C of Annex XLV to this Regulation.’ paragraph 2 is replaced by the following: ‘2. The prohibition in paragraph 1 shall apply to: ; a legal person, entity or body acting on behalf or at the direction of an entity referred to in points (a), (b) or (c) of paragraph 1; an entity providing crypto-asset services or payment services that operates as a mirror or successor entity of an entity referred to in points (a), (b) or (c) of paragraph 1.’ the following paragraph is inserted: ‘2a. For the purposes of paragraph 2, point (b), a mirror or successor entity of a listed entity is an entity where at least two of the following criteria are met: ; substantially identical content, feeds or transaction flows; continuity of branding, design or user interface; overlapping ownership, control or management; redirection or migration of users from a listed entity; continuity of technical infrastructure, including use of the same code base, domains or applications.’ in paragraph 3, the following points are added: ; necessary to the execution, until 25 April 2026, of contracts concluded before 24 October 2025 with the legal persons, entities or bodies listed in Part A of Annex XLV by Regulation (EU) 2025/2033, or of ancillary contracts necessary for the execution of such contracts; necessary for the reception of payments due by the legal persons, entities or bodies listed in Part A of Annex XLV by Regulation (EU) 2025/2033 pursuant to contracts performed before 24 October 2025.’

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Source: EUR-Lex (Cellar) · retrieved 2026-10-16 · Text as adopted (Official Journal); later amendments are not incorporated in this text.