European Securities and Markets Authority (ESMA), which serves as the EU’s financial markets regulator, has released its second consultation package related to the MiCA.
The documents published 05/10/2023 cover five key areas:
🔹Sustainability indicators for distributed ledgers
🔹Disclosures of inside information
🔹Technical requirements for white papers
🔹Trade transparency measures
🔹Record-keeping and business continuity requirements for crypto-asset service providers
ESMA will compile a final report based on the feedback received and submit the draft technical standards to the European Commission for endorsement, no later than June 30, 2024.
Furthermore, ESMA plans to release a third consultation package in Q1 of 2024, addressing the remaining 18-month mandates.
For additional details on the MiCA implementing measures and the transitional period, please refer to our infographic.
The documents published 05/10/2023 cover five key areas:
🔹Sustainability indicators for distributed ledgers
🔹Disclosures of inside information
🔹Technical requirements for white papers
🔹Trade transparency measures
🔹Record-keeping and business continuity requirements for crypto-asset service providers
ESMA will compile a final report based on the feedback received and submit the draft technical standards to the European Commission for endorsement, no later than June 30, 2024.
Furthermore, ESMA plans to release a third consultation package in Q1 of 2024, addressing the remaining 18-month mandates.
For additional details on the MiCA implementing measures and the transitional period, please refer to our infographic.