Regulatory Alerts2024-06-21
Instruction 2024-I-08 of 21 June 2024 on information to be transmitted to the ACPR regarding the acquisition or extension of participation in an issuer of tokens referencing one or more assets
The French Prudential Control and Resolution Authority (ACPR) issued Instruction 2024-I-08 on 21 June 2024 to implement requirements under the EU Crypto-Asset Market Regulation (MiCA). The instruction mandates that any acquisition or extension of participation in an issuer of asset-referenced tokens must be notified to the ACPR using the specific form attached to the document. This requirement is based on Articles 41 and 42 of Regulation (EU) 2023/1114 and Article L. 553-1 of the French Monetary and Financial Code.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2024-I-08 regarding the information to be transmitted to the Prudential Control and Resolution Authority in the context of the acquisition or extension of participation in an issuer of tokens referencing one or more assets
The Prudential Control and Resolution Authority (ACPR), Having regard to Regulation (EU) No 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets, in particular Articles 41 and 42 thereof; Having regard to the Monetary and Financial Code, in particular Article L. 553-1 thereof; Having regard to the opinion of the Prudential Affairs Advisory Committee of 12 June 2024, DECIDES
Article 1: Operations involving the acquisition or extension of participation in issuers of tokens referencing one or more assets, as mentioned in Article L. 553-1 of the Monetary and Financial Code, which are subject to prior authorization by the Prudential Control and Resolution Authority, shall be notified to it by transmitting the form attached to this instruction.
Article 2: This instruction shall enter into force on the day following its publication in the ACPR official register.
Done in Paris, on 21 June 2024 The Designated President, Denis BEAU