On 24 March 2025, Commission Delegated Regulation (EU) 2025/418 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 minimum content of the governance arrangements on the remuneration policy of issuers of significant asset-referenced or e-money tokens was published.
The Regulatory Technical Standards (RTS) have been issued on the basis of the delegation contained in Article 45(7) of the MiCA Regulation[1]. They aim to set out the minimum content of the governance arrangements for the remuneration policy that the following categories of issuers of crypto-assets are required to have:
- 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_202500418
[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).