◷
New version applies from 29/06/2023.
275 provisions change.
Later versions: 09/01/2024.
MiCA Regulation
29/06/2023 → 09/01/2024: 1 inserted · 0 removed · 140 amended · 0 moved · 6 renamed · 135 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
Recitals · 119 unchanged
Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21 · Recital 22 · Recital 23 · Recital 24 · Recital 25 · Recital 26 · Recital 27 · Recital 28 · Recital 29 · Recital 30 · Recital 31 · Recital 32 · Recital 33 · Recital 34 · Recital 35 · Recital 36 · Recital 37 · Recital 38 · Recital 39 · Recital 40 · Recital 41 · Recital 42 · Recital 43 · Recital 44 · Recital 45 · Recital 46 · Recital 47 · Recital 48 · Recital 49 · Recital 50 · Recital 51 · Recital 52 · Recital 53 · Recital 54 · Recital 55 · Recital 56 · Recital 57 · Recital 58 · Recital 59 · Recital 60 · Recital 61 · Recital 62 · Recital 63 · Recital 64 · Recital 65 · Recital 66 · Recital 67 · Recital 68 · Recital 69 · Recital 70 · Recital 71 · Recital 72 · Recital 73 · Recital 74 · Recital 75 · Recital 76 · Recital 77 · Recital 78 · Recital 79 · Recital 80 · Recital 81 · Recital 82 · Recital 83 · Recital 84 · Recital 85 · Recital 86 · Recital 87 · Recital 88 · Recital 89 · Recital 90 · Recital 91 · Recital 92 · Recital 93 · Recital 94 · Recital 95 · Recital 96 · Recital 97 · Recital 98 · Recital 99 · Recital 100 · Recital 101 · Recital 102 · Recital 103 · Recital 104 · Recital 105 · Recital 106 · Recital 107 · Recital 108 · Recital 109 · Recital 110 · Recital 111 · Recital 112 · Recital 113 · Recital 114 · Recital 115 · Recital 116 · Recital 117 · Recital 118 · Recital 119
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS
- amended Article 1 - Subject matter Title I
- amended Article 2 - Scope Title I
- amended Article 3 - Definitions Title I
Title II - CRYPTO-ASSETS OTHER THAN ASSET-REFERENCED TOKENS OR E-MONEY TOKENS
- amended Article 4 - Offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens Title II
- amended Article 5 - Admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens Title II
- amended Article 6 - Content and form of the crypto-asset white paper Title II
- amended Article 7 - Marketing communications Title II
- amended Article 8 - Notification of the crypto-asset white paper and of the marketing communications Title II
- amended Article 9 - Publication of the crypto-asset white paper and of the marketing communications Title II
- amended Article 10 - Result of the offer to the public and safeguarding arrangements Title II
- amended Article 11 - Rights of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens Title II
- amended Article 12 - Modification of published crypto-asset white papers and of published marketing communications Title II
- amended Article 13 - Right of withdrawal Title II
- amended Article 14 - Obligations of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens Title II
- amended Article 15 - Liability for the information given in a crypto-asset white paper Title II
Title III - ASSET-REFERENCED TOKENS
- amended Article 16 - Authorisation Title III › Chapter 1
- amended Article 17 - Requirements for credit institutions Title III › Chapter 1
- amended Article 18 - Application for authorisation Title III › Chapter 1
- amended Article 19 - Content and form of the crypto-asset white paper for asset-referenced tokens Title III › Chapter 1
- amended Article 20 - Assessment of the application for authorisation Title III › Chapter 1
- amended Article 21 - Grant or refusal of the authorisation Title III › Chapter 1
- amended Article 22 - Reporting on asset-referenced tokens Title III › Chapter 1
- amended Article 23 - Restrictions on the issuance of asset-referenced tokens used widely as a means of exchange Title III › Chapter 1
- amended Article 24 - Withdrawal of the authorisation Title III › Chapter 1
- amended Article 25 - Modification of published crypto-asset white papers for asset-referenced tokens Title III › Chapter 1
- amended Article 26 - Liability of issuers of asset-referenced tokens for the information given in a crypto-asset white paper Title III › Chapter 1
- amended Article 27 - Obligation to act honestly, fairly and professionally in the best interest of the holders of asset-referenced tokens Title III › Chapter 2
- amended Article 29 - Marketing communications Title III › Chapter 2
- amended Article 30 - Ongoing information to holders of asset-referenced tokens Title III › Chapter 2
- amended Article 31 - Complaints-handling procedures Title III › Chapter 2
- amended Article 32 - Identification, prevention, management and disclosure of conflicts of interest Title III › Chapter 2
- amended Article 34 - Governance arrangements Title III › Chapter 2
- amended Article 35 - Own funds requirements Title III › Chapter 2
- amended Article 36 - Obligation to have a reserve of assets, and composition and management of such reserve of assets Title III › Chapter 3
- amended Article 37 - Custody of reserve assets Title III › Chapter 3
- amended Article 38 - Investment of the reserve of assets Title III › Chapter 3
- amended Article 39 - Right of redemption Title III › Chapter 3
- amended Article 40 - Prohibition of granting interest Title III › Chapter 3
- amended Article 41 - Assessment of proposed acquisitions of issuers of asset-referenced tokens Title III › Chapter 4
- amended Article 42 - Content of the assessment of proposed acquisitions of issuers of asset-referenced tokens Title III › Chapter 4
- amended Article 43 - Classification of asset-referenced tokens as significant asset-referenced tokens Title III › Chapter 5
- amended Article 44 - Voluntary classification of asset-referenced tokens as significant asset-referenced tokens Title III › Chapter 5
- amended Article 45 - Specific additional obligations for issuers of significant asset-referenced tokens Title III › Chapter 5
- amended Article 46 - Recovery plan Title III › Chapter 6
- amended Article 47 - Redemption plan Title III › Chapter 6
Title III · 2 unchanged
Title IV - E-MONEY TOKENS
- amended Article 48 - Requirements for the offer to the public or admission to trading of e-money tokens Title IV › Chapter 1
- amended Article 49 - Issuance and redeemability of e-money tokens Title IV › Chapter 1
- amended Article 50 - Prohibition of granting interest Title IV › Chapter 1
- amended Article 51 - Content and form of the crypto-asset white paper for e-money tokens Title IV › Chapter 1
- amended Article 52 - Liability of issuers of e-money tokens for the information given in a crypto-asset white paper Title IV › Chapter 1
- amended Article 53 - Marketing communications Title IV › Chapter 1
- amended Article 54 - Investment of funds received in exchange for e-money tokens Title IV › Chapter 1
- amended Article 56 - Classification of e-money tokens as significant e-money tokens Title IV › Chapter 2
- amended Article 57 - Voluntary classification of e-money tokens as significant e-money tokens Title IV › Chapter 2
- amended Article 58 - Specific additional obligations for issuers of e-money tokens Title IV › Chapter 2
Title IV · 1 unchanged
Title V - AUTHORISATION AND OPERATING CONDITIONS FOR CRYPTO-ASSET SERVICE PROVIDERS
- amended Article 59 - Authorisation Title V › Chapter 1
- amended Article 60 - Provision of crypto-asset services by certain financial entities Title V › Chapter 1
- amended Article 61 - Provision of crypto-asset services at the exclusive initiative of the client Title V › Chapter 1
- amended Article 62 - Application for authorisation as a crypto-asset service provider Title V › Chapter 1
- amended Article 63 - Assessment of the application for authorisation and grant or refusal of authorisation Title V › Chapter 1
- amended Article 64 - Withdrawal of authorisation of a crypto-asset service provider Title V › Chapter 1
- amended Article 65 - Cross-border provision of crypto-asset services Title V › Chapter 1
- amended Article 66 - Obligation to act honestly, fairly and professionally in the best interests of clients Title V › Chapter 2
- amended Article 67 - Prudential requirements Title V › Chapter 2
- amended Article 68 - Governance arrangements Title V › Chapter 2
- amended Article 70 - Safekeeping of clients’ crypto-assets and funds Title V › Chapter 2
- amended Article 71 - Complaints-handling procedures Title V › Chapter 2
- amended Article 72 - Identification, prevention, management and disclosure of conflicts of interest Title V › Chapter 2
- amended Article 73 - Outsourcing Title V › Chapter 2
- amended Article 75 - Providing custody and administration of crypto-assets on behalf of clients Title V › Chapter 3
- amended Article 76 - Operation of a trading platform for crypto-assets Title V › Chapter 3
- amended Article 77 - Exchange of crypto-assets for funds or other crypto-assets Title V › Chapter 3
- amended Article 78 - Execution of orders for crypto-assets on behalf of clients Title V › Chapter 3
- amended Article 79 - Placing of crypto-assets Title V › Chapter 3
- amended Article 80 - Reception and transmission of orders for crypto-assets on behalf of clients Title V › Chapter 3
- amended Article 81 - Providing advice on crypto-assets and providing portfolio management of crypto-assets Title V › Chapter 3
- amended Article 82 - Providing transfer services for crypto-assets on behalf of clients Title V › Chapter 3
- amended Article 83 - Assessment of proposed acquisitions of crypto-asset service providers Title V › Chapter 4
- amended Article 84 - Content of the assessment of proposed acquisitions of crypto-asset service providers Title V › Chapter 4
- amended Article 85 - Identification of significant crypto-asset service providers Title V › Chapter 5
Title V · 2 unchanged
Title VI - PREVENTION AND PROHIBITION OF MARKET ABUSE INVOLVING CRYPTO-ASSETS
- amended Article 86 - Scope of the rules on market abuse Title VI
- amended Article 87 - Inside information Title VI
- amended Article 88 - Public disclosure of inside information Title VI
- amended Article 89 - Prohibition of insider dealing Title VI
- amended Article 90 - Prohibition of unlawful disclosure of inside information Title VI
- amended Article 91 - Prohibition of market manipulation Title VI
- amended Article 92 - Prevention and detection of market abuse Title VI
Title VII - COMPETENT AUTHORITIES, EBA AND ESMA
- amended Article 93 - Competent authorities Title VII › Chapter 1
- amended Article 94 - Powers of competent authorities Title VII › Chapter 1
- amended Article 95 - Cooperation between competent authorities Title VII › Chapter 1
- amended Article 96 - Cooperation with EBA and ESMA Title VII › Chapter 1
- amended Article 97 - Promotion of convergence on the classification of crypto-assets Title VII › Chapter 1
- amended Article 100 - Professional secrecy Title VII › Chapter 1
- amended Article 102 - Precautionary measures Title VII › Chapter 1
- amended Article 103 - ESMA temporary intervention powers Title VII › Chapter 1
- amended Article 104 - EBA temporary intervention powers Title VII › Chapter 1
- amended Article 105 - Product intervention by competent authorities Title VII › Chapter 1
- amended Article 106 - Coordination with ESMA or EBA Title VII › Chapter 1
- amended Article 107 - Cooperation with third countries Title VII › Chapter 1
- amended Article 108 - Complaints-handling by competent authorities Title VII › Chapter 1
- amended Article 109 - Register of crypto-asset white papers, of issuers of asset-referenced tokens and e-money tokens, and of crypto-asset service providers Title VII › Chapter 2
- amended Article 110 - Register of non-compliant entities providing crypto-asset services Title VII › Chapter 2
- inserted Article 110a - Accessibility of information on the European single access point Title VII › Chapter 2
- amended Article 111 - Administrative penalties and other administrative measures Title VII › Chapter 3
- amended Article 112 - Exercise of supervisory powers and powers to impose penalties Title VII › Chapter 3
- amended Article 113 - Right of appeal Title VII › Chapter 3
- amended Article 114 - Publication of decisions Title VII › Chapter 3
- amended Article 115 - Reporting of administrative penalties and other administrative measures to ESMA and EBA Title VII › Chapter 3
- amended Article 117 - Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and issuers of significant e-money tokens Title VII › Chapter 4
- amended Article 118 - EBA crypto-asset committee Title VII › Chapter 4
- amended Article 119 - Colleges for issuers of significant asset-referenced tokens and significant e-money tokens Title VII › Chapter 4
- amended Article 120 - Non-binding opinions of the colleges for issuers of significant asset-referenced tokens and significant e-money tokens Title VII › Chapter 4
- amended Article 122 - Request for information Title VII › Chapter 5
- amended Article 123 - General investigative powers Title VII › Chapter 5
- amended Article 124 - On-site inspections Title VII › Chapter 5
- amended Article 125 - Exchange of information Title VII › Chapter 5
- amended Article 126 - Administrative agreements on the exchange of information between EBA and third countries Title VII › Chapter 5
- amended Article 127 - Disclosure of information from third countries Title VII › Chapter 5
- amended Article 130 - Supervisory measures by EBA Title VII › Chapter 5
- amended Article 131 - Fines Title VII › Chapter 5
- amended Article 132 - Periodic penalty payments Title VII › Chapter 5
- amended Article 133 - Disclosure, nature, enforcement and allocation of fines and periodic penalty payments Title VII › Chapter 5
- amended Article 134 - Procedural rules for taking supervisory measures and imposing fines Title VII › Chapter 5
- amended Article 135 - Hearing of the persons concerned Title VII › Chapter 5
- amended Article 137 - Supervisory fees Title VII › Chapter 5
- amended Article 138 - Delegation of tasks by EBA to competent authorities Title VII › Chapter 5
Title VII · 8 unchanged
Article 98 · Article 99 · Article 101 · Article 116 · Article 121 · Article 128 · Article 129 · Article 136
Title VIII - DELEGATED ACTS
- amended Article 139 - Exercise of the delegation Title VIII
Title IX - TRANSITIONAL AND FINAL PROVISIONS
- amended Article 140 - Reports on the application of this Regulation Title IX
- amended Article 141 - ESMA annual report on market developments Title IX
- amended Article 142 - Report on latest developments in crypto-assets Title IX
- amended Article 143 - Transitional measures Title IX
- amended Article 146 - Amendment to Directive 2013/36/EU Title IX
- amended Article 147 - Amendment to Directive (EU) 2019/1937 Title IX
- amended Article 148 - Transposition of amendments to Directives 2013/36/EU and (EU) 2019/1937 Title IX
- amended Article 149 - Entry into force and application Title IX
Title IX · 2 unchanged
Annexes
- amendedrenamed Annex I - DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR CRYPTO-ASSETS OTHER THAN ASSET-REFERENCED TOKENS OR E-MONEY TOKENS was “Annex I”
- amendedrenamed Annex II - DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN ASSET-REFERENCED TOKEN was “Annex II”
- amendedrenamed Annex III - DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN E-MONEY TOKEN was “Annex III”
- amendedrenamed Annex IV - MINIMUM CAPITAL REQUIREMENTS FOR CRYPTO-ASSET SERVICE PROVIDERS was “Annex IV”
- amendedrenamed Annex V - LIST OF INFRINGEMENTS REFERRED TO IN TITLES III AND VI FOR ISSUERS OF SIGNIFICANT ASSET-REFERENCED TOKENS was “Annex V”
- amendedrenamed Annex VI - LIST OF INFRINGEMENTS OF PROVISIONS REFERRED TO IN TITLE IV IN CONJUNCTION WITH TITLE III FOR ISSUERS OF SIGNIFICANT E-MONEY TOKENS was “Annex VI”