An overview of delegated acts, technical standards, and guidelines applicable to ARTs, EMTs, and other tokens.
Last updated May 2025.
Significant ARTs / 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
Significant ARTs / EMTs — Supervisory colleges
RTS specifying conditions for the establishment and the functioning of supervisory colleges (for each issuer of a significant ART or a significant EMT)
- Status: In force (subject to relevant transitional period)
- Source: Official Journal
Significant ARTs / EMTs — Renumeration policy
RTS specifying the minimum content of the governance arrangements on the remuneration policy
- Status: In force (subject to relevant transitional period)
- Source: Official Journal
ARTs / EMTs — Liquidity requirements
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 — applies from 30 November 2024
- Source: EBA
ARTs / EMTs — Own funds and stress testing
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: In force (subject to relevant transitional period)
- Source: Official Journal
RTS specifying the procedure and timeframe for an issuer of ARTs or EMTs to adjust the amount of its own funds
- Status: In force (subject to relevant transitional period)
- Source: Official Journal
ARTs / EMTs — Reporting requirements
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: In force (subject to relevant transitional period)
- Source: Official Journal
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: In force (subject to relevant transitional period)
- 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 — applies from 26 May 2025
- Source: EBA
ARTs / EMTs — Recovery plans
Guidelines on recovery plans under Articles 46 and 55 (to be drafted by issuers of ARTs / EMTs)
- Status: Final text published — applies from 13 November 2024
- Source: EBA
ARTs / EMTs — Redemption plans
Guidelines on redemption plans under Articles 47 and 55 (to be drafted by issuers of ARTs / EMTs)
- Status: Final text to be published — applies from 10 February 2025
- Source: EBA
ARTs — Conflicts of interest
RTS specifying the requirements for policies and procedures on conflicts of interest for issuers of ARTs
- Status: Adopted — to be published in the Official Journal
- Source: European Commission
EBA opinion on European Commission’s amendments relating to regulatory technical standards specifying the requirements for policies and procedures on conflicts of interest for issuers of ARTs
- Status: N/A
- Source: EBA (in addition see here for the European Commission’s letter to EBA on the same)
ARTs — Complaints handling
RTS to further specify the requirements, templates, and procedures for handling complaints (for issuers of ARTs)
- Status: In force (subject to relevant transitional period)
- Source: Official Journal
ARTs — Authorisation to issue ARTs
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
EBA opinion on European Commission’s amendments relating to regulatory technical standards on the on the information to be contained in an application for authorisation to offer to the public or to admit to trading ARTs
- Status: N/A
- Source: EBA (in addition see here for the EBA’s letter to the European Commission and here for the European Commission’s communication on the same)
ARTs — Authorisation to issue ARTs
EBA opinion on European Commission’s amendments relating to regulatory technical standards on the on the information to be contained in an application for authorisation to offer to the public or to admit to trading ARTs
- Status: N/A
- Source: EBA (in addition see here for the EBA’s letter to the European Commission and here for the European Commission’s communication on the same)
ARTs — Suitability requirements and acquiring a qualifying holding in an ART issuer
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: In force (subject to relevant transitional period)
- Source: Official Journal
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 — applies from 4 February 2025
- Source: ESMA
Joint Guidelines on the assessment of the suitability of the shareholders or members, whether direct or indirect, with qualifying holdings in issuers of ARTs or of CASPs
- Status: Final text published — applies from 4 February 2025
- Source: ESMA
ARTs — Governance arrangements
Guidelines on the minimum content of the governance arrangements for issuers of ARTs under Article 34(13) MiCA
- Status: Final text published — applies from 20 December 2024
- Source: EBA
Requirements for other tokens
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 — applies from 27 April 2025
- Source: ESMA