On 30 May 2024, four Commission Delegated Regulations supplementing the Regulation on markets in cryptoassets (MiCAR) were published in the Official Journal of the EU.
The Delegated Regulations supplement MiCAR in relation to the following topics:
- Criteria for classifying asset-referenced tokens (ARTs) and e-money tokens (EMTs) as significant.
- The fees charged by the European Banking Authority (EBA) to issuers of significant ARTs and issuers of significant EMTs.
- 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.
- The criteria and factors to be taken into account by the European Securities Markets Authority, the EBA and competent authorities in relation to their intervention powers.
For more information on each of the Delegated Regulations, see our previous blog.