ESMA’s third consultation package under the MiCA

PSR’s Plan and Budget for 2024/25
Joint proposal to implement Digital Securities Sandbox

The European Securities and Markets Authority (“ESMA”) has published its third consultation package under the Markets in Crypto Assets Regulation (“MiCA”), covering the detection and prevention of market abuse, investor protection and operational resilience.

The consultation package drafted by the ESMA is seeking input on the proposed rules and guidelines covering:

  • Detection and reporting of suspected market abuse in crypto-assets (RTS).
  • Policies and procedures, including the rights of clients, for cryptoasset transfer services (Guidelines).
  • Suitability requirements for certain crypto-asset services and format of the periodic statement for portfolio management (Guidelines).
  • ICT operational resilience for certain entities under MiCA (Guidelines).

Stakeholders are encouraged to provide their feedback to the consultation by 25 June 2024.

As regulatory regimes tailored to the unique landscape of cryptocurrency develop around the world, Plenitude’s Digital Assets Practice can help you understand their implications for your project and design a compliance framework that meets applicable requirements. Visit our website for more information.  https://www.plenitudeconsulting.com/what-we-do/digital-asset-advisory-and-transformation-services/

https://www.esma.europa.eu/sites/default/files/2024-03/ESMA75-453128700-1002_MiCA_Consultation_Paper_-_RTS_market_abuse_and_GLs_on_investor_protection_and_operational_resilience.pdf

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