ESMA: MiCAR guidelines
The following have now been published in the official languages of the EU and come into force in two months’ time: (i) guidelines on the procedures and policies, including the rights of clients, in the context of transfer services for crypto-assets under MiCAR on investor protection; (ii) guidelines on situations in which a third-country firm is deemed to solicit clients established or situated in the EU and the supervision practices to detect and prevent circumvention of the reverse solicitation exemption under MiCAR; (iii) guidelines on the specification of Union standards for the maintenance of systems and security access protocols for offerors and persons seeking admission to trading of crypto-assets other than asset referenced tokens and e-money token,
For more information:
- https://www.esma.europa.eu/sites/default/files/2025-02/ESMA35-1872330276-2032_Guidelines_on_transfer_services_for_crypto-assets_under_MiCA.pdf
- https://www.esma.europa.eu/sites/default/files/2025-02/ESMA35-1872330276-2030_Guidelines_on_reverse_solicitation_under_MiCA.pdf
- https://www.esma.europa.eu/sites/default/files/2025-02/ESMA75-223375936-6132_Guidelines_on_maintenance_of_systems_and_security_access_protocols_under_MiCA.pdf
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