Regulatory Alerts2024-11-12 | C664CySEC Adoption of EBA Guidelines on Recovery Plans for Asset-Referenced Token Issuers
The Cyprus Securities and Exchange Commission has adopted the European Banking Authority's guidelines on recovery plans for issuers of asset-referenced tokens under the MiCA Regulation. These guidelines specify the required format and content for recovery plans that issuers must maintain to restore compliance with reserve asset requirements. The adopted guidelines became applicable on 13 November 2024.
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