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EBA Guidelines and Technical Standards under MiCA for Asset-Referenced and E-Money Token Issuers - Governance, Own Funds, Recovery Plans (EBA/GL/2024/07) and Redemption Plans (EBA/GL/2024/13)

Issuers of Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs) under MiCA (Regulation (EU) 2023/1114) must meet authorisation, governance, own-funds,…

What EBA Guidelines and Technical Standards under MiCA for Asset-Referenced and E-Money Token Issuers - Governance, Own Funds, Recovery Plans (EBA/GL/2024/07) and Redemption Plans (EBA/GL/2024/13) requires

Issuers of Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs) under MiCA (Regulation (EU) 2023/1114) must meet authorisation, governance, own-funds, recovery-plan and redemption-plan requirements. The content of an ART authorisation application (including governance arrangements, suitability of the management body, qualifying holdings and own funds) is set out in the regulatory technical standards adopted under Article 18(6) of MiCA. Recovery plans are governed by the EBA Guidelines on recovery plans under Articles 46 and 55 of MiCA (EBA/GL/2024/07), and redemption plans by the EBA Guidelines on redemption plans under Articles 47 and 55 of MiCA (EBA/GL/2024/13). The prior single citation to EBA/GL/2024/04 was incorrect: EBA/GL/2024/04 concerns the resubmission of historical data and is unrelated to ART/EMT authorisation, recovery or redemption.

Pillar: Crypto & Sovereign Finance · Authority: European Banking Authority (EBA) · Version: 2.0.0 · Last updated:

Primary source: https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/asset-referenced-and-e-money-tokens-micar/guidelines-recovery-plans-under-micar

SHA-256 integrity: 237f789d827de9907f14d1a9645be5aecb10306cc5fe4bc1d63addf3be8d1f67

Primary Citations — 6 traced to source

  • EBA Guidelines on recovery plans under Articles 46 and 55 of Regulation (EU) 2023/1114 (MiCA) - EBA/GL/2024/07 - https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/asset-referenced-and-e-money-tokens-micar/guidelines-recovery-plans-under-micar
  • EBA Guidelines on redemption plans under Articles 47 and 55 of Regulation (EU) 2023/1114 (MiCA) - EBA/GL/2024/13

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