Regulatory Alerts2024-11-22
Central Bank of Ireland Guidance Note for Crypto-Asset Service Providers Key Facts Document
The Central Bank of Ireland issued this guidance to define the content and expectations for the Key Facts Document (KFD) submitted by applicants seeking authorization as crypto-asset service providers under MiCAR. The document outlines the two-phase authorization process, emphasizing that the KFD stage allows the regulator to assess high-level business models, governance, and risks before a formal application is lodged. It details specific requirements for applicants to demonstrate financial viability, robust governance structures, and compliance with anti-money laundering and operational resilience standards.
Share