On 24 March 2025, Commission Delegated Regulation (EU) 2025/419 of 16 December 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the procedure and timeframe for an issuer of asset-referenced tokens or e-money tokens to adjust the amount of its own funds was published.
The Regulatory Technical Standards (“RTS”) have been issued on the basis of the delegation set out in Article 45(7) of the MiCA Regulation[1]. They shall determine the procedure and timeframe for adjusting the amount of own funds in accordance with Article 45(5) of the MiCA Regulation. They shall apply to the following categories of issuers of crypto-assets:
- issuers of significant asset-referenced tokens;
- electronic money institutions issuing significant e-money tokens;
- issuers of asset-referenced tokens that are not significant, where required by the competent authority pursuant to Article 35(4) of the MiCA Regulation; and
- electronic money institutions issuing e-money tokens that are not significant, where required by the competent authority pursuant to Article 58(2) of the MiCA Regulation.
The content of the above-mentioned legal act can be consulted at the following link:
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202500419
[1] Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on Markets in crypto-assets and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937 (OJ L 150 9.6.2023, p. 40).