What Commission Delegated Regulation (EU) 2025/1264 of 27 June 2025 supplementing Regulation (EU) 2023/1114 with regard to regulatory technical standards specifying the minimum contents of the liquidity management policy and procedures for certain issuers of asset-referenced tokens and e-money tokens requires
This MiCA regulatory technical standard sets the minimum contents of the liquidity management policy for in-scope issuers of asset-referenced tokens and e-money tokens, requiring adequate reserve-asset levels for redemptions under normal and stress conditions, liquidity stress testing with a reverse stress test element, custodian concentration limits, and calibrated early-warning signals; it supplements Article 45(7) of Regulation (EU) 2023/1114.
Pillar: Crypto & Sovereign Finance · Authority: European Commission · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202501264
SHA-256 integrity: 23419272021f2257bcf633901116f208b8496bcfed1131f47e1ec8f0c0758964
Primary Citations — 7 traced to source
- Commission Delegated Regulation (EU) 2025/1264 of 27 June 2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum contents of the liquidity management policy and procedures for certain issuers of asset-referenced tokens and e-money tokens
- Legal basis (Regulation (EU) 2023/1114): and in particular Article 45(7), fourth subparagraph, thereof
+ 5 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/eu-mica-rts-liquidity-management-2025-1264.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/eu-mica-rts-liquidity-management-2025-1264.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/eu-mica-rts-liquidity-management-2025-1264
- Back to registry: Browse all 10,085 compliance nodes