ESMA_QA_2845
12/05/2026
Subject Matter
Machine-readable (XBRL) format requirement for modified white papers
    When a reporting entity (e.g., an issuer, offeror, or person seeking admission to trading) notifies a modification of a white paper originally submitted before the entry into application of Commission Implementing Regulation (EU) 2024/2984 on 23 December 2025, is the reporting entity required to submit the modified white paper in the machine-readable format specified in the regulation?
    ESMA Answer
    12-05-2026

      Yes. Since the entry into application of the formatting requirements on 23 December 2025, in the case(s) where a reporting entity notifies a modified white paper, and the original white paper was notified and published prior to the requirement, the reporting entity should prepare the modified white paper in the machine-readable format.

      However, this does not mean that reporting entities who notified and published a white paper prior to the entry into application of the requirement on 23 December 2025 are automatically compelled to now submit a modified white paper. This guidance only applies when a ‘significant new factor’ triggers the white paper modification requirement. In other words, the entry into application of the ITS does not constitute a ‘significant new factor’.

      Status: Answer Published

      Additional Information

      Level 1 Regulation
      MiCA
      Topic
      White paper