MiCA

• TITLE I SUBJECT MATTER, SCOPE AND DEFINITIONS
  • Article 1 Subject Matter
  • Article 2 Scope

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  • Article 3 Definitions

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• TITLE II CRYPTO-ASSETS OTHER THAN ASSET-REFERENCED TOKENS OR E-MONEY TOKENS
  • Article 4 Offers to the public of crypto-assets other than asset-referenced tokens or e-money tokens
  • Article 5 Admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens

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  • Article 6 Content and form of the crypto-asset white paper

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  • Article 7 Marketing communications
  • Article 8 Notification of the crypto-asset white paper and of the marketing communications
  • Article 9 Publication of the crypto-asset white paper and of the marketing communications
  • Article 10 Result of the offer to the public and safeguarding arrangements
  • Article 11 Rights of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens
  • Article 12 Modification of published crypto-asset white papers and of published marketing communications
  • Article 13 Right of withdrawal
  • Article 14 Obligations of offerors and persons seeking admission to trading of crypto-assets other than asset-referenced tokens or e-money tokens

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  • Article 15 Liability for the information given in a crypto-asset white paper
• TITLE III ASSET-REFERENCED TOKENS
  • CHAPTER 1 Authorisation to offer asset-referenced tokens to the public and to seek their admission to trading
    • Article 16 Authorisation

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    • Article 17 Requirements for credit institutions

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    • Article 18 Application for authorisation

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    • Article 19 Content and form of the crypto-asset white paper for asset-referenced tokens

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    • Article 20 Assessment of the application for authorisation
    • Article 21 Grant or refusal of the authorisation

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    • Article 22 Reporting on asset-referenced tokens

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    • Article 23 Restrictions on the issuance of asset-referenced tokens used widely as a means of exchange
    • Article 24 Withdrawal of the authorisation
    • Article 25 Modification of published crypto-asset white papers for asset-referenced tokens

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    • Article 26 Liability of issuers of asset-referenced tokens for the information given in a crypto-asset white paper
  • CHAPTER 2 Obligations of issuers of asset-referenced tokens
    • Article 27 Obligation to act honestly, fairly and professionally in the best interest of the holders of asset-referenced tokens
    • Article 28 Publication of the crypto-asset white paper
    • Article 29 Marketing communications
    • Article 30 Ongoing information to holders of asset-referenced tokens
    • Article 31 Complaints-handling procedures

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    • Article 32 Identification, prevention, management and disclosure of conflicts of interest

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    • Article 33 Notification of changes to management body
    • Article 34 Governance arrangements

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    • Article 35 Own funds requirements

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  • CHAPTER 3 Reserve of assets
    • Article 36 Obligation to have a reserve of assets, and composition and management of such reserve of assets

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    • Article 37 Custody of reserve assets
    • Article 38 Investment of the reserve of assets
    • Article 39 Right of redemption
    • Article 40 Prohibition of granting interest
  • CHAPTER 4 Acquisitions of issuers of asset-referenced tokens
    • Article 41 Assessment of proposed acquisitions of issuers of asset-referenced tokens
    • Article 42 Content of the assessment of proposed acquisitions of issuers of asset-referenced tokens

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  • CHAPTER 5 Significant asset-referenced tokens
    • Article 43 Classification of asset-referenced tokens as significant asset-referenced tokens

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    • Article 44 Voluntary classification of asset-referenced tokens as significant asset-referenced tokens
    • Article 45 Specific additional obligations for issuers of significant asset-referenced tokens

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  • CHAPTER 6 Recovery and redemption plans
    • Article 46 Recovery plan

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    • Article 47 Redemption plan

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• TITLE IV E-MONEY TOKENS
  • CHAPTER 1 Requirements to be fulfilled by all issuers of e-money tokens
    • Article 48 Requirements for the offer to the public or admission to trading of e-money tokens

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    • Article 49 Issuance and redeemability of e-money tokens
    • Article 50 Prohibition of granting interest
    • Article 51 Content and form of the crypto-asset white paper for e-money tokens

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    • Article 52 Liability of issuers of e-money tokens for the information given in a crypto-asset white paper
    • Article 53 Marketing communications
    • Article 54 Investment of funds received in exchange for e-money tokens
    • Article 55 Recovery and redemption plans
  • CHAPTER 2 Significant e-money tokens
    • Article 56 Classification of e-money tokens as significant e-money tokens
    • Article 57 Voluntary classification of e-money tokens as significant e-money tokens
    • Article 58 Specific additional obligations for issuers of e-money tokens
• TITLE V AUTHORISATION AND OPERATING CONDITIONS FOR CRYPTO-ASSET SERVICE PROVIDERS
  • CHAPTER 1 Authorisation of crypto-asset service providers
    • Article 59 Authorisation

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    • Article 60 Provision of crypto-asset services by certain financial entities

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    • Article 61 Provision of crypto-asset services at the exclusive initiative of the client

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    • Article 62 Application for authorisation as a crypto-asset service provider

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    • Article 63 Assessment of the application for authorisation and grant or refusal of authorisation

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    • Article 64 Withdrawal of authorisation of a crypto-asset service provider
    • Article 65 Cross-border provision of crypto-asset services
  • CHAPTER 2 Obligations for all crypto-asset service providers
    • Article 66 Obligation to act honestly, fairly and professionally in the best interests of clients

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    • Article 67 Prudential requirements

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    • Article 68 Governance arrangements

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    • Article 69 Information to competent authorities
    • Article 70 Safekeeping of clients’ crypto-assets and funds

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    • Article 71 Complaints-handling procedures

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    • Article 72 Identification, prevention, management and disclosure of conflicts of interest

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    • Article 73 Outsourcing
    • Article 74 Orderly wind-down of crypto-asset service providers
  • CHAPTER 3 Obligations in respect of specific crypto-asset services
    • Article 75 Providing custody and administration of crypto-assets on behalf of clients

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    • Article 76 Operation of a trading platform for crypto-assets

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    • Article 77 Exchange of crypto-assets for funds or other crypto-assets

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    • Article 78 Execution of orders for crypto-assets on behalf of clients
    • Article 79 Placing of crypto-assets
    • Article 80 Reception and transmission of orders for crypto-assets on behalf of clients

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    • Article 81 Providing advice on crypto-assets and providing portfolio management of crypto-assets

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    • Article 82 Providing transfer services for crypto-assets on behalf of clients

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  • CHAPTER 4 Acquisition of crypto-asset service providers
    • Article 83 Assessment of proposed acquisitions of crypto-asset service providers
    • Article 84 Content of the assessment of proposed acquisitions of crypto-asset service providers

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  • CHAPTER 5 Significant crypto-asset service providers
    • Article 85 Identification of significant crypto-asset service providers
• TITLE VI PREVENTION AND PROHIBITION OF MARKET ABUSE INVOLVING CRYPTO-ASSETS
  • Article 86 Scope of the rules on market abuse
  • Article 87 Inside information
  • Article 88 Public disclosure of inside information
  • Article 89 Prohibition of insider dealing
  • Article 90 Prohibition of unlawful disclosure of inside information
  • Article 91 Prohibition of market manipulation
  • Article 92 Prevention and detection of market abuse

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• TITLE VII COMPETENT AUTHORITIES, EBA AND ESMA
  • CHAPTER 1 Powers of competent authorities and cooperation between competent authorities, EBA and ESMA
    • Article 93 Competent authorities
    • Article 94 Powers of competent authorities
    • Article 95 Cooperation between competent authorities

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    • Article 96 Cooperation with EBA and ESMA

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    • Article 97 Promotion of convergence on the classification of crypto-assets

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    • Article 98 Cooperation with other authorities
    • Article 99 Duty of notification
    • Article 100 Professional secrecy
    • Article 101 Data protection
    • Article 102 Precautionary measures
    • Article 103 ESMA temporary intervention powers

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    • Article 104 EBA temporary intervention powers

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    • Article 105 Product intervention by competent authorities

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    • Article 106 Coordination with ESMA or EBA
    • Article 107 Cooperation with third countries

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    • Article 108 Complaints-handling by competent authorities
  • CHAPTER 2 ESMA register
    • Article 109 Register of crypto-asset white papers, of issuers of asset-referenced tokens and e-money tokens, and of crypto-asset service providers

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    • Article 110 Register of non-compliant entities providing crypto-asset services
    • Article 110a Accessibility of information on the European single access point
  • CHAPTER 3 Administrative penalties and other administrative measures by competent authorities
    • Article 111 Administrative penalties and other administrative measures
    • Article 112 Exercise of supervisory powers and powers to impose penalties
    • Article 113 Right of appeal
    • Article 114 Publication of decisions
    • Article 115 Reporting of administrative penalties and other administrative measures to ESMA and EBA
    • Article 116 Reporting of infringements and protection of reporting persons
  • CHAPTER 4 Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and significant e-money tokens and colleges of supervisors
    • Article 117 Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and issuers of significant e-money tokens
    • Article 118 EBA crypto-asset committee
    • Article 119 Colleges for issuers of significant asset-referenced tokens and significant e-money tokens

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    • Article 120 Non-binding opinions of the colleges for issuers of significant asset-referenced tokens and significant e-money tokens
  • CHAPTER 5 EBA’s powers and competences with respect to issuers of significant asset-referenced tokens and issuers of significant e-money tokens
    • Article 121 Legal privilege
    • Article 122 Request for information
    • Article 123 General investigative powers
    • Article 124 On-site inspections
    • Article 125 Exchange of information
    • Article 126 Administrative agreements on the exchange of information between EBA and third countries
    • Article 127 Disclosure of information from third countries
    • Article 128 Cooperation with other authorities
    • Article 129 Professional secrecy
    • Article 130 Supervisory measures by EBA
    • Article 131 Fines
    • Article 132 Periodic penalty payments
    • Article 133 Disclosure, nature, enforcement and allocation of fines and periodic penalty payments
    • Article 134 Procedural rules for taking supervisory measures and imposing fines

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    • Article 135 Hearing of the persons concerned
    • Article 136 Review by the Court of Justice
    • Article 137 Supervisory fees

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    • Article 138 Delegation of tasks by EBA to competent authorities
• TITLE VIII DELEGATED ACTS
  • Article 139 Exercise of the delegation
• TITLE IX TRANSITIONAL AND FINAL PROVISIONS
  • Article 140 Reports on the application of this Regulation
  • Article 141 ESMA annual report on market developments
  • Article 142 Report on latest developments in crypto-assets
  • Article 143 Transitional measures

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  • Article 144 Amendment to Regulation (EU) No 1093/2010
  • Article 145 Amendment to Regulation (EU) No 1095/2010
  • Article 146 Amendment to Directive 2013/36/EU
  • Article 147 Amendment to Directive (EU) 2019/1937
  • Article 148 Transposition of amendments to Directives 2013/36/EU and (EU) 2019/1937
  • Article 149 Entry into force and application
• ANNEX I
  • DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR CRYPTO-ASSETS OTHER THAN ASSET-REFERENCED TOKENS OR E-MONEY TOKENS
• ANNEX II
  • DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN ASSET-REFERENCED TOKEN
• ANNEX III
  • DISCLOSURE ITEMS FOR THE CRYPTO-ASSET WHITE PAPER FOR AN E-MONEY TOKEN
• ANNEX IV
  • MINIMUM CAPITAL REQUIREMENTS FOR CRYPTO-ASSET SERVICE PROVIDERS
• ANNEX V
  • LIST OF INFRINGEMENTS REFERRED TO IN TITLES III AND VI FOR ISSUERS OF SIGNIFICANT ASSET-REFERENCED TOKENS
• ANNEX VI
  • LIST OF INFRINGEMENTS OF PROVISIONS REFERRED TO IN TITLE IV IN CONJUNCTION WITH TITLE III FOR ISSUERS OF SIGNIFICANT E-MONEY TOKENS