Regulatory Alerts2025-03-26
Guidelines on certain aspects of suitability requirements and the format of periodic reports for portfolio management activities under the Markets in Crypto-Assets Regulation (MiCA)
The European Securities and Markets Authority (ESMA) issued these guidelines to ensure consistent application of suitability requirements and periodic reporting formats for crypto-asset service providers offering portfolio management services under MiCA. The document mandates that providers clearly inform clients about the suitability assessment process, collect proportionate and accurate data regarding their financial situation and investment objectives, and maintain robust mechanisms to verify client understanding of risks. Additionally, it establishes specific standards for the format and content of periodic reports to enhance investor protection and regulatory convergence across the EU.
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