> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-12.md).

# Article 12

|                 |                                                                                 |
| --------------- | ------------------------------------------------------------------------------- |
| **Instrument**  | Regulation (EU) 2023/1114 (MiCA)                                                |
| **Source**      | [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) |
| **Status**      | In force                                                                        |
| **Review rule** | Legal-text changes require human review                                         |

### Modification of published crypto-asset white papers and of published marketing communications

1. [Offerors](https://www.mica.wtf/definitions/definitions/mica/offeror), persons seeking admission to trading or operators of a trading platform for [crypto-assets](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) other than [asset-referenced tokens](https://www.mica.wtf/definitions/definitions/mica/asset-referenced-token) or [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) shall modify their published crypto-asset white papers and, where applicable, their published marketing communications, whenever there is a significant new factor, material mistake or material inaccuracy that is capable of affecting the assessment of the crypto-assets. That requirement shall apply for the duration of the [offer to the public](https://www.mica.wtf/definitions/definitions/mica/offer-to-the-public) or for as long as the crypto-asset is admitted to trading.
2. Offerors, persons seeking admission to trading or operators of a trading platform for crypto-assets other than [asset-referenced tokens](https://www.mica.wtf/definitions/definitions/mica/asset-referenced-token) or [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) shall notify their modified [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) white papers and, where applicable, modified marketing communications, and the intended publication date, to the [competent authority](https://www.mica.wtf/definitions/definitions/mica/competent-authority) of their [home Member State](https://www.mica.wtf/definitions/definitions/mica/home-member-state), including the reasons for such modification, at least seven working days before their publication.
3. On the date of publication, or earlier if required by the [competent authority](https://www.mica.wtf/definitions/definitions/mica/competent-authority), the [offeror](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/offeror.md), the person seeking admission to trading or the operator of the trading platform shall immediately inform the public on its website of the notification of a modified [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) white paper with the competent authority of its [home Member State](https://www.mica.wtf/definitions/definitions/mica/home-member-state) and shall provide a summary of the reasons for which it has notified a modified crypto-asset white paper.
4. The order of the information in a modified [crypto-asset](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) white paper and, where applicable, in modified marketing communications, shall be consistent with that of the crypto-asset white paper or marketing communications published in accordance with [Article 9](/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-9.md).
5. Within five working days of receipt of the modified crypto-asset white paper and, where applicable, of the modified marketing communications, the [competent authority](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/competent-authority.md) of the [home Member State](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/home-member-state.md) shall notify the modified crypto-asset white paper and, where applicable, the modified marketing communications to the competent authority of the [host Member States](https://www.mica.wtf/definitions/definitions/mica/host-member-state) referred to in[ Article 8(6)](/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-8.md) and communicate the notification and the date of publication to ESMA.\
   ESMA shall make the modified crypto-asset white paper available in the register, under [Article 109(2)](/mica/title-vii-competent-authorities-eba-and-esma-art.-93-138/chapter-2/article-109.md), upon publication.
6. [Offerors](https://www.mica.wtf/definitions/definitions/mica/offeror), persons seeking admission to trading or operators of trading platforms for crypto-assets other than asset-referenced tokens or e-money tokens shall publish the modified crypto-asset white paper and, where applicable, the modified marketing communications, including the reasons for such modification, on their website in accordance with [Article 9](/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-9.md).
7. The modified crypto-asset white paper and, where applicable, the modified marketing communications, shall be time-stamped. The most recent modified crypto-asset white paper and, where applicable, the modified marketing communications shall be marked as the applicable version. All modified crypto-asset white papers and, where applicable, modified marketing communications shall remain available for as long as the crypto-assets are held by the public.
8. Where the [offer to the public](https://www.mica.wtf/definitions/definitions/mica/offer-to-the-public) concerns a [utility token](https://www.mica.wtf/definitions/definitions/mica/utility-token) providing access to goods and services that do not yet exist or are not yet in operation, changes made in the modified crypto-asset white paper and, where applicable, the modified marketing communications, shall not extend the time limit of 12 months referred to in [Article 4(6)](/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-4.md).
9. Older versions of the crypto-asset white paper and the marketing communications shall remain publicly available on the website of the offerors, persons seeking admission to trading, or operators of trading platforms, for at least 10 years after the date of publication of those older versions, with a prominent warning stating that they are no longer valid and with a hyperlink to the dedicated section on the website where the most recent version of those documents is published.

<br>

### Related

* [competent authority](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/competent-authority.md) — definition used in this article
* [offer to the public](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/offer-to-the-public.md) — definition used in this article
* [home Member State](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/home-member-state.md) — definition used in this article
* [utility token](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/utility-token.md) — definition used in this article
* [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) — definition used in this article
* [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/tofr/crypto-asset.md) — definition used in this article
* [offeror](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/offeror.md) — definition used in this article
* [Public offerings and admission to trading of crypto-assets - AMF](broken://pages/qPOPgcDb9oZAOOfuxXAq) — national implementation reference


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