ESMA launches the third consultation under MiCA

25/03/2024

The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes its third consultation packageunder the Markets in Crypto-Assets Regulation (MiCA).

In the consultation package, ESMA is seeking input on four sets of proposed rules and guidelines, covering:

• Detection and reporting of suspected market abuse in crypto-assets (RTS).
• Policies and procedures, including the rights of clients, for crypto-asset transfer services (Guidelines).
• Suitability requirements for certain crypto-asset services and format of the periodic statement for portfolio management (Guidelines).
• ICT operational resilience for certain entities under MiCA (Guidelines).

Next steps

Stakeholders are encouraged to provide their feedback to the consultation by 25 June 2024 using this response form.ESMA will publish a final report based on the feedback received and will submit the draft technical standards to the European Commission for endorsement by 30 December 2024 at the latest.

More information about the timeline for MiCA implementing measures and the transitional period can be found here.