On 13 February 2025, Commission Delegated Regulation (EU) 2025/297 of 31 October 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the conditions for the establishment and functioning of consultative supervisory colleges was published.
The Regulatory Technical Standards (“RTS”) have been developed on the basis of the delegation contained in Article 119(8) of the MiCA Regulation[1]. Their purpose is to set out:
- the conditions under which the entities referred to in Article 119(2), points (d), (e), (f) and (h) of the MiCA Regulation are considered to be the most relevant;
- the conditions under which it is considered that asset-referenced tokens or e-money tokens are used at large scale as referred to in Article 119(2) point (l) of the MiCA Regulation; and
- the details of the practical arrangements referred to in Article 119(6) of MiCA.
The content of the above-mentioned legal act can be consulted at the following link:
https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:L_202500297
[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).