Regulatory Alerts2024-07-01
Added · Updated
Licence application process for issuers of asset-referenced tokens under MiCAR
The consideration period for a licence application for an issuer of asset-referenced tokens is 110 working days following receipt of a fully completed application. The process begins with a verification of completeness, after which the De Nederlandsche Bank (DNB) assesses the application and prepares a draft decision. The EBA, ESMA, and ECB then have 20 working days to issue an opinion on the draft, and DNB communicates the final decision within 30 working days thereafter. Applications that are incomplete or require supplementary information may suspend the consideration deadline.