Are the reporting counterparties and entities responsible for reporting expected to update during the transition period any client codes not compliant with the requirements set out under EMIR REFIT?

Guidelines on reporting under EMIR REFIT clarify that under Collateralise-to-Market model (CTM) the counterparties should report total variation margin and total collateral, whereas under the Settle-to-Market model the counterparties should report the daily change in the variation margin and the collateral. In which field counterparties should report whether the portfolio of cleared derivatives is collateralised under CTM or STM model?

Can you elaborate the requirement above? What an effective check should contain and how should be implemented practically?

To which NCA should the notification foreseen under Article 60 of MiCA be submitted?

What crypto-asset services can a credit institution provide under the notification procedure set out in Article 60 of MiCA?