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ARTICLE · 30 APRIL 2024

EBA-ESMA Consultation Papers On RTSs And ITSs For MiCAR

MK Fintech Partners
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What are the latest RTSs and ITSs for MiCAR? Well, on July 12, 2023, the European Banking Authority (EBA) and the European Securities and Markets Authority ...

European UnionTechnology
Jane Chinwe Nweike
Jane Chinwe Nweike
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Introduction

LATEST UPDATES: MICAR

What are the latest RTSs and ITSs for MiCAR? Well, on July 12, 2023, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published for public consultation Regulatory Technical Standards (RTSs) and Implementing Technical Standards (ITSs), with respect to various activities regulated under the Markets in Crypto Assets Regulation (MiCAR).

The EBA's consultation paper covers RTSs and ITSs for applications for authorisation in respect to offers to the public or admission to trading of asset-referenced tokens (ARTs). Importantly, this applies only to issuers of ARTs. ESMA's consultation paper, however, applies to crypto-assets service providers (CASPs), such as crypto-exchanges, custodial service providers, etc.

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