Regulatory Alerts2025-02-25
Added · Updated
CSSF Circular 25/875 on Suitability Assessment Guidelines for ARTR and CASP Management and Shareholders
The CSSF integrates the Joint EBA and ESMA Guidelines on suitability assessments into its administrative practice and regulatory approach, effective immediately. These guidelines establish common reference parameters for assessing the suitability of management body members and shareholders with qualifying holdings in issuers of asset-referenced tokens and crypto-asset service providers. The requirements apply to applicant and authorized entities under MiCAR, mandating evaluations based on good repute, knowledge, skills, experience, and time commitment, with proportionality considerations for entity size and complexity.
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