MiCA: Requirements for ARTs and EMTs

Delegated Regulation specifying certain criteria for classifying ARTs and EMTs as significant

• Status: In force (subject to relevant transitional 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 transitional 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 transitional period)
• Source: European Commission

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

Decision concerning the procedure for the classification of ARTs and EMTs as significant and the transfer of supervisory powers and reporting on those tokens following the classification as significant under MiCA

• Status: N/A
• Source: EBA

RTS specifying conditions for the establishment and the functioning of supervisory colleges (for each issuer of a significant ART or a significant EMT)

• Status: Adopted — to be published in the Official Journal
• Source: European Commission

RTS specifying the minimum content of the governance arrangements on the remuneration policy

• Status: Adopted — to be published in the Official Journal  
• Source: European Commission

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

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

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: Adopted — to be published in the Official Journal
• Source: European Commission

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: Adopted — to be published in the Official Journal
• Source: European Commission

RTS specifying the methodology to estimate the number and value of transactions associated with 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: Adopted — to be published in the Official Journal
• Source: European Commission

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: Published in the Official Journal: applies from 1 January 2025
• Source: Official Journal

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: Final text published — to be adopted
• Source: EBA

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

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

RTS to further specify the requirements, templates, and procedures for handling complaints (for issuers of ARTs)

• Status: Adopted — to be published in the Official Journal 
• Source: European Commission

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

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: Adopted — to be published in the Official Journal  
• Source: European Commission

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

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

Guidelines on the maintenance of systems and security access protocols in conformity with Union standards for offerors and persons seeking admission to trading of cryptoassets

• Status: Final text published — to be adopted
• Source: ESMA