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EBA finalises EU MiCAR RTS/ITS on authorisation of ART issuers, acquisitions of qualifying holdings, and credit institution white paper approval procedures and timeframes

Published on: 08 May 2024

Published by an LexisNexis Ireland - Banking & Financial Services expert
Legal News
Article summary

The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation

The EBA has released three packages of final draft regulatory technical standards (RTS) and one set of final draft ITS concerning authorisation to act as issuer of ARTs, the information required for the assessment of acquisitions of qualifying holdings in ART issuers, and the procedure for the approval of white papers for ARTs issued by credit institutions under MiCAR. These standards are pivotal in governing access to the EU market for prospective ART issuers and for persons intending to exercise significant influence over such undertakings through the acquisition of qualifying holdings. The RTS on authorisation set out the information that must be included with an application to offer an ART to the public or to seek admission of an ART to trading, thereby enabling the competent authority to undertake a comprehensive assessment of the application...

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