There are currently 10 major sectors that most investors use when breaking down the corporations and other issuers of securities such as stocks and bonds. (thebalance.com)
Further, if you've come to accept that your token is an investment contract, then based on these decisions, expect to be treated like any other issuer of securities. (coindesk.com)
Legal basis: § 5 (1)(5) and § 11 of the regulation of Minster of Finance of 19 February 2009 on current and periodic information to be submitted by issuers of securities and on conditions for recognizing as equivalent information required by the laws of a non-Member State. (cigames.com)