Regulatory Alerts2024-05-31
Final Report on technical standards specifying certain requirements in relation to conflicts of interest for crypto-asset service providers under MiCA
ESMA issued this final report submitting draft regulatory technical standards to the European Commission for adoption under the Markets in Crypto Assets Regulation. The standards specify detailed requirements for crypto-asset service providers to identify, prevent, manage, and disclose conflicts of interest arising from relationships with shareholders, management, employees, and clients. The document incorporates stakeholder feedback to align with MiFID II principles while ensuring proportionality and consistency with European Banking Authority standards for asset-referenced token issuers.
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