MiCA: Reverse Solicitation and Broker Models

An overview of delegated acts, technical standards, and guidelines regarding reverse solicitation and broker models.
Last updated March 2026.

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 cryptoassets as financial instruments under MiCA

Status: N/A
Source: SMSG

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