Official translations of MiCA guidelines

On 26 February 2025, the European Securities and Markets Authority (ESMA) published the official translations of the following guidelines relating to the Markets in crypto assets Regulation (MiCA):

• Guidelines on the specification of Union standards for the maintenance of systems and security access protocols for offerors and persons seeking admission to trading of crypto-assets other than asset referenced tokens and e-money token.

• Guidelines on situations in which a third-country firm is deemed to solicit clients established or situated in the EU and the supervision practices to detect and prevent circumvention of the reverse solicitation exemption under the MiCA.

• Guidelines on the procedures and policies, including the rights of clients, in the context of transfer services for crypto-assets under the MiCA on investor protection.

Each of the guidelines apply 60 calendar days from the date of their publication on ESMA’s website in all official EU languages (27 April 2025). Member State competent authorities must notify ESMA within two months of the publication date (26 April 2025) whether they comply, do not comply but intend to comply or do not intend to comply with the guidelines.