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ARTICLE · 16 APRIL 2025

More Important MiCA RTSs Enter Into Force – April 2025

GTG Legal
GTG Legal
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GTG Legal

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After the Markets in Crypto-Assets Regulation (MiCA) became fully applicable on the 30th of December 2024, the following Regulatory Technical Standards were published in the Official Journal and have entered into force:

MaltaCorporate/Commercial Law
Cherise Abela Grech
Cherise Abela Grech

After the Markets in Crypto-Assets Regulation (MiCA) became fully applicable on the 30th of December 2024, the following Regulatory Technical Standards were published in the Official Journal and have entered into force:

(1) RTS on adjustment of own funds requirements and stress testing of issuers of asset-referenced tokens (ARTs) and of e-money tokens (EMTs) subject to such requirements

This RTS outlines procedures for issuers of ARTs and significant EMTs to adjust their own funds when deemed higher risk. It specifies criteria for competent authorities to assess such risks and mandates stress testing programs to evaluate solvency and liquidity under plausible stress scenarios. Issuers must submit compliance plans and may be granted up to six months to meet increased capital requirements.

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