Article 16 requires authorisation by the home Member State competent authority before any offer to the public or admission to trading of an ART (or before the issuer is established in the Union). Article 17 sets the carve-out for credit institutions (which use their existing banking authorisation + an Annex II ART white paper notification). Article 18 sets the application content per Annex II. Article 19 sets the content + form of the ART crypto-asset white paper. Article 20 sets the 60-working-day assessment-of-application timeline. Article 21 sets the grant or refusal of authorisation (with reasoned decision, EBA + ECB consultation where applicable).
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.