On 10 June 2025, Commission Delegated Regulation (EU) 2025/1141 of 27 February 2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council as regards regulatory technical standards specifying the requirements for policies and procedures on conflicts of interest for issuers of asset-referenced tokens was published.
The Regulatory Technical Standards ("RTS") were developed on the basis of the delegation set out in Article 32(5) of the MiCA Regulation[1]. They clarify, among others, the following matters:
- conflicts of interest potentially detrimental to the issuer of asset-referenced tokens and to holders of such tokens;
- policies and procedures concerning remuneration, arrangements with third-party service providers, and resources for managing conflicts of interest;
- disclosure of the general nature and sources of conflicts of interest and the steps taken to mitigate them.
The full text of the legal act is available at the following link:
https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202501141
[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).