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Can you elaborate the requirement above? What an effective check should contain and how should be implemented practically?

To which NCA should the notification foreseen under Article 60 of MiCA be submitted?

What crypto-asset services can a credit institution provide under the notification procedure set out in Article 60 of MiCA?

Does the prohibition set out under Article 80(2) to receive "remuneration, discount or non-monetary benefit in return for routing orders received from clients" apply to the crypto-asset services of receiving and transmitting orders on behalf of clients as well as the execution of orders on behalf of clients?

1) Are entities benefiting from grandfathering eligible to passport their crypto services to other Member States?

2) Can an entity grandfathered to provide crypto services in one Member State provide cross-border activities in another Member State that has elected not to allow grandfathering (i.e., shortened or opted out of the transitional period)?