Regulatory Alerts2024-12-04
Added · Updated
Joint EBA and ESMA Guidelines on the assessment of the suitability of the members of the management body of issuers of asset-referenced tokens and of crypto-asset service providers
These guidelines establish supervisory practices for competent authorities, issuers of asset-referenced tokens (ARTs), and crypto-asset service providers (CASPs) regarding the assessment of management body suitability under MiCA. They require that members possess sufficient good repute, individual and collective knowledge, skills, and experience, and the ability to commit sufficient time, with specific criteria applied proportionally based on entity size and complexity. The guidelines specify that assessments must cover criminal records, sanctions, and understanding of crypto-assets, governance, and risks, applying from 04/02/2025.
More like this from ESMA
We email you every new ESMA publication the day it's published.
Topics
Share