A summary of all MiCA regulations, delegated acts, technical standards, and guidelines.
MiCA
Regulation (EU) 2023/1114 on Markets in Crypto-Assets
- Status: In force (subject to relevant transition period)
- Source: European Parliament
Corrigendum to MiCA amending Regulations (EU) No 1093/2010 and (EU)
No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937
- Status: In force (subject to relevant transition period)
- Source: European Parliament
MiCA Delegated Regulations
MiCA Delegated Regulations — Product Intervention Powers
Delegated Regulation specifying the criteria and factors to be taken into account by ESMA, the EBA, and competent authorities in relation to their intervention powers
- Status: In force (subject to relevant transition period)
- Source: European Commission
MiCA Delegated Regulations — Significant ARTs / EMTs
Delegated Regulation specifying certain criteria for classifying ARTs and EMTs as significant
- Status: In force (subject to relevant transition period)
- Source: European Commission
Delegated Regulation specifying the procedural rules for the exercise of the power to impose fines or periodic penalty payments by the EBA on issuers of significant ARTs and issuers of significant EMTs
- Status: In force (subject to relevant transition period)
- Source: European Commission
Delegated Regulation specifying the fees charged by the EBA to issuers of significant ARTs and issuers of significant EMTs
- Status: In force (subject to relevant transition period)
- Source: European Commission
MiCA Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS)
MiCA RTS and ITS — Requirements for ARTs, EMTs, and other tokens
Significant ARTs / EMTs — Supervisory colleges
RTS specifying conditions for the establishment and the functioning of supervisory colleges (for each issuer of a significant ART or a significant EMT)
- Status: Final text published — to be adopted
- Source: EBA
Significant ARTs / EMTs — Renumeration policy
RTS specifying the minimum content of the governance arrangements on the remuneration policy
- Status: Final text published — to be adopted
- Source: EBA
ARTs / EMTs — Liquidity requirements
RTS for specifying the highly liquid financial instruments with minimal market risk, credit risk, and concentration risk (of the reserve of assets)
- Status: Final text published — to be adopted
- Source: EBA
RTS for further specifying the liquidity requirements of the reserve of assets
- Status: Final text published — to be adopted
- Source: EBA
RTS for specifying the minimum contents of the liquidity management policy and procedures
- Status: Final text published — to be adopted
- Source: EBA
ARTs / EMTs — Own funds and stress testing
RTS specifying adjustment of own funds requirement and minimum features of stress testing programmes of issuers of ARTs or of EMTs subject to such requirements
- Status: Final text published — to be adopted
- Source: EBA
RTS specifying the procedure and timeframe for an issuer to adjust the amount of its own funds to 3% of the average amount of the reserve of assets
- Status: Final text published — to be adopted
- Source: EBA
ARTs / EMTs — Reporting requirements
RTS specifying the methodology to estimate the number and value of transactions associated to uses of ARTs as a means of exchange and of EMTs denominated in a currency that is not an official currency of a Member State
- Status: Final text published — to be adopted
- Source: EBA
ITS with regard to reporting related to ARTs and related to EMTs denominated in a currency that is not an official currency of a Member State
- Status: Final text published — to be adopted
- Source: EBA
ARTs — Complaints handling
RTS on requirements, templates, and procedures for handling complaints
- Status: Final text published — to be adopted
- Source: EBA
RTS to further specify the requirements, templates, and procedures for handling complaints (for issuers of ARTs)
- Status: Final text published — to be adopted
- Source: EBA
ARTs — Authorisation to issue ARTs
RTS specifying the information to be contained in an application for authorisation to offer to the public or to admit to trading ARTs
- Status: Final text published — to be adopted
- Source: EBA
ITS with regard to standard forms, templates, and procedures for the information to be included in the application for authorisation to offer to the public or to admit to trading ARTs
- Status: Final text published — to be adopted
- Source: EBA
ARTs — Suitability requirements and acquiring a qualifying holding in an ART issuer
RTS specifying the detailed content of information necessary to carry out the assessment of a proposed acquisition of qualifying holdings in issuers of ARTs
- Status: Final text published — to be adopted
- Source: EBA
MiCA RTS and ITS — Requirements for CASPs
Requirements for all CASPs
RTS on continuity and regularity in the performance of cryptoasset services
- Status: Final text published — to be adopted
- Source: ESMA
RTS specifying records to be kept of all cryptoasset services, activities, orders, and transactions undertaken
- Status: Final text published — to be adopted
- Source: ESMA
RTS on the requirements, templates, and procedures for handling complaints
- Status: Final text published — to be adopted
- Source: ESMA
RTS specifying the requirements for policies and procedures on conflicts of interest as well as the details and methodology for the content of disclosures of conflicts of interest
- Status: Final text published — to be adopted
- Source: ESMA
All CASPs — Authorisation and notifications to provide cryptoasset services
RTS specifying the information to be included in a notification by certain financial entities of their intention to provide cryptoasset services
- Status: Final text published — to be adopted
- Source: ESMA
ITS with regard to standard forms, templates, and procedures for the information to be included in the notification of certain entities of their intention to provide cryptoasset services
- Status: Final text published — to be adopted
- Source: ESMA
RTS specifying the information to be included in an application for authorisation as a CASP
- Status: Final text published — to be adopted
- Source: ESMA
ITS with regard to standard forms, templates, and procedures for the information to be included in the application for the authorisation of a CASP
- Status: Final text published — to be adopted
- Source: ESMA
All CASPs — Acquiring a qualifying holding
RTS specifying the detailed content of information necessary to carry out the assessment of a proposed acquisition of a qualifying holding in a CASP
- Status: Final text published — to be adopted
- Source: ESMA
CASPs — Trading platform requirements
RTS specifying the manners in which transparency data for cryptoasset service providers operating a trading platform for cryptoassets is to be presented
- Status: Final text published — to be adopted
- Source: ESMA
RTS specifying the content and format of order book records for cryptoasset service providers operating a trading platform for cryptoassets
- Status: Final text published — to be adopted
- Source: ESMA
MiCA RTS and ITS — White paper and sustainability disclosures
RTS specifying the content, methodologies, and presentation of information in respect of sustainability indicators in relation to adverse impacts on the climate and other environment‐related adverse impacts
- Status: Final text published — to be adopted
- Source: ESMA
ITS with regard to forms, formats, and templates for the cryptoasset white papers
- Status: Final text published — to be adopted
- Source: ESMA
RTS specifying the data necessary for the classification of cryptoasset white papers and the practical arrangements to ensure that such data is machine-readable
- Status: Final text published — to be adopted
- Source: ESMA
RTS specifying the procedure for the approval of a cryptoasset white paper (for ARTs issued by credit institutions)
- Status: Final text published — to be adopted
- Source: EBA
MiCA RTS and ITS — Prevention of market abuse
Draft RTS for the appropriate arrangements, systems, and procedures as well as the notification templates for preventing, detecting, and reporting suspected market abuse, and on the coordination procedures between the relevant competent authorities for the detection and sanctioning of market abuse in case of cross-border market abuse situations
- Status: Consultation closed — final text to be published
- Source: ESMA
ITS with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information
- Status: Final text published — to be adopted
- Source: ESMA
MiCA RTS and ITS — Powers of, and cooperation between, competent authorities
RTS specifying requirements for cooperation, exchange of information, and notification between competent authorities, ESAs, and third countries
- Status: Final text published — to be adopted
- Body: ESMA
RTS on information to be exchanged between competent authorities
- Status: Final text published — to be adopted
- Body: ESMA
ITS with regard to standard forms, templates, and procedures for the cooperation and exchange of information between competent authorities
- Status: Final text published — to be adopted
- Body: ESMA
ITS with regard to standard forms, templates, and procedures for the cooperation and exchange of information between competent authorities and ESMA/EBA
- Status: Final text published — to be adopted
- Body: ESMA
RTS establishing a template document for cooperation arrangements between competent authorities and supervisory authorities of third countries
- Status: Final text published — to be adopted
- Body: ESMA
MiCA Guidelines, Advice, Statements (Guidelines)
MiCA Guidelines — Requirements for ARTs, EMTs, and other tokens
Significant ARTs / EMTs
Technical advice in response to the Commission’s call for advice on two Delegated Acts concerning certain criteria for the classification of ARTs and EMTs as significant and the fees that are to be charged to such issuers
- Status: N/A
- Source: EBA
ARTs / EMTs — Liquidity requirements
Guidelines on establishing the common reference parameters of the stress test scenarios for the liquidity stress tests referred to in Article 45(4) MiCA
- Status: Final text published — to be adopted
- Source: EBA
ARTs / EMTs — Reporting requirements
Guidelines on templates to assist competent authorities in performing their supervisory duties regarding issuers’ compliance under Titles III and IV (ART / EMT reporting requirements)
- Status: Consultation open until 15 October 2024
- Source: EBA
ARTs / EMTs — Recovery plans
Guidelines on recovery plans under Articles 46 and 55 (to be drafted by issuers of ARTs / EMTs)
- Status: Final text published — to be adopted
- Source: EBA
ARTs / EMTs — Redemption plans
Guidelines on redemption plans under Articles 47 and 55 (to be drafted by issuers of ARTs / EMTs)
- Status: Consultation closed — final text to be published
- Source: EBA
ARTs — Suitability requirements and acquiring a qualifying holding in an ART issuer
Joint Guidelines on the assessment of the suitability of the members of the management body of issuers of ARTs and of CASPs
ARTs — Governance arrangements
Guidelines on the minimum content of the governance arrangements for issuers of ARTs under Article 34(13) MiCA
- Status: Final text published — to be adopted
- Source: EBA
Requirements for other tokens
Draft Guidelines on the maintenance of systems and security access protocols in conformity with Union standards
- Status: Consultation closed — final text to be published
- Source: ESMA
MiCA Guidelines — Requirements for CASPs
All CASPs — Acquiring a qualifying holding
Joint Guidelines on the assessment of the suitability of the shareholders or members, whether direct or indirect, with qualifying holdings in issuers of ARTs or of CASPs
Joint Guidelines on the assessment of the suitability of the members of the management body of issuers of ARTs and of CASPs
- Status: Final text published — to be adopted
- Source: EBA and ESMA
Advice and portfolio management requirements
Draft Guidelines on certain aspects of the suitability requirements and format of the periodic statement for portfolio management activities
- Status: Consultation closed — final text to be published
- Source: ESMA
Transfer services requirements
Draft Guidelines on the procedures and policies, including the rights of clients, in the context of transfer services for cryptoassets
- Status: Consultation closed — final text to be published
- Source: ESMA
MiCA Guidelines — White paper and sustainability disclosures
MiCA Guidelines — Classification of cryptoassets
Guidelines on templates for explanations and opinions, and the standardised test for the classification of cryptoassets including ARTs
- Status: Consultation open until 12 October 2024
- Source: ESAs (ESMA, EBA and EIOPA)
Guidelines on the conditions and criteria for the qualification of cryptoassets as financial instruments
- Status: Consultation closed — final text to be published
- Source: ESMA
SMSG advice to ESMA on its consultation papers on reverse solicitation and the qualification of cryptoassets as financial instruments under MiCA
- Status: N/A
- Source: SMSG
MiCA Guidelines — Reverse solicitation and broker models
Guidelines on reverse solicitation under MiCA
- Status: Consultation closed — final text to be published
- Source: ESMA
ESMA opinion to support the convergent application of MiCA (regarding broker models and third-country routing)
- Status: N/A
- Source: ESMA
SMSG advice to ESMA on its consultation papers on reverse solicitation and the qualification of cryptoassets as financial instruments under MiCA
- Status: N/A
- Source: SMSG
Statements on preparing for MiCA, transitionals, and upcoming text
Transitional measures
ESMA Letter to Member States encouraging a smooth transition to MiCA and limiting transitional measures
- Status: N/A
- Source: ESMA
ESMA Statement encouraging market participants and competent authorities to start preparing for the transition to MiCA
- Status: N/A
- Source: ESMA
Preparing for MiCA
EBA Statement financial institutions and other undertakings who carry out ART / EMT activities prior to 30 June 2024 to prepare for MiCA
- Status: N/A
- Source: EBA
EBA Template — for financial institutions and other undertakings to notify their competent authority of their ART / EMT activities
- Status: N/A
- Source: EBA
SMSG advice
SMSG advice to ESMA on its third consultation paper on MiCA.
- Status: N/A
- Source: SMSG
SMSG advice to ESMA on its second consultation paper MiCA
- Status: N/A
- Source: SMSG
SMSG advice to ESMA on its first consultation paper on MiCA
- Status: N/A
- Source: SMSG
MiCA Upcoming Texts
Delegated Act in accordance with Article 139 MiCA to specify technical elements of the definitions in Article 3(1) MiCA, and to adjust them to market and technological developments
- Status: No material published to date; deadline 30 June 2026
- Source: European Commission
Guidelines on supervisory practices among the competent authorities to prevent and detect market abuse (to the extent not already covered by the RTS referred to in Article 92(2) MiCA)
- Status: No material published to date; deadline 30 June 2025
- Source: ESMA
Report from the Commission in respect of the power to adopt delegated acts referred to in Articles 3(2), 43(11), 103(8), 104(8), 105(7), 134(10), and 137(3)
- Status: No material published to date; deadline 29 June 2026
- Source: European Commission
Report from the Commission, after consultation with the EBA and ESMA, to the European Parliament and the Council on the application of MiCA, accompanied, where appropriate, by a legislative proposal, specifying at least the information in Article 140(2) and follow up on the topics raised in reports referred to in Articles 141 and 142
- Status: No material published to date; interim report deadline 30 June 2025, final report deadline 30 June 2027
- Source: European Commission
Report from ESMA and the EBA, to the European Parliament and the Council, on the application of MiCA and developments in markets in cryptoassets
- Status: No material published to date; first report deadline 31 December 2025, and annually thereafter
- Source: ESMA and EBA
Report from the Commission, after consultation with the EBA and ESMA, to the European Parliament and the Council, on the latest developments with respect to cryptoassets, in particular on matters that are not addressed in MiCA, accompanied, when appropriate, by a legislative proposal, specifying at least the information in Article 142(2) MiCA
- Status: No material published to date; deadline 30 December 2024
- Source: European Commission