An overview of delegated acts, technical standards, and guidelines regarding reverse solicitation and broker models.
Last updated 9 October 2026.
ESMA response to the European Commission consultation on the review of MiCA — proposal for specific supervisory powers over third-country firms actively soliciting EU investors, and for the reverse solicitation exemption in Article 61 to be interpreted narrowly
- Status: N/A
- Source: ESMA
Guidelines on reverse solicitation under MiCA
- Status: In force (subject to relevant transitional period)
- Source: ESMA
ESMA opinion to support the convergent application of MiCA (regarding broker models and third-country routing)
- Status: N/A
- Source: ESMA
SMSG advice to ESMA on its consultation papers on reverse solicitation and the qualification of crypto-assets as financial instruments under MiCA
- Status: N/A
- Source: SMSG