Workshop on the interplay between PSD 2 and MiCAR
- Conference/Workshop
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The EBA is organising a workshop to give external stakeholders an opportunity to convey practical issues they are experiencing or observing as a result of the interplay between MiCAR and PSD 2. The topics to be discussed include, among others: authorisation, initial capital and own funds, safeguarding, and strong customer authentication.
The workshop will take place on 12 March 2025 from 10:00 to 13:00 CET online via MS Teams.
Participants
Participation in the workshop is open to all stakeholders active in the fields of payments, e-money, EMTs, and the provision of crypto-asset services relating to EMTs (e.g. custodian wallet provision, trading platform/exchange operation). It therefore includes credit institutions, electronic money institutions, payment institutions, crypto-asset service providers (CASPs), as well as consumer associations. The workshop is not open to the press.
To make the workshop as interactive as possible, a cap on the number of participants will be applied of 100 stakeholders. Should the number of persons who register an interest in participating exceed this cap, the EBA will apply a limit of one participant per entity/organisation and, if necessary, apply other measures to align the number of participants with the cap, while preserving a balanced participation in terms of type of stakeholder and Member State. Additionally, representatives of national competent authorities (NCAs) and ESMA will be invited to listen to the exchange.
All individuals expressing an interest in participating will receive an email response by 5 March 2025, which will state whether or not their participation in the workshop is confirmed.
Registration
Password: Workshop.EBA_2025
Deadline: 28 February 2025 16:00 CET.
Background information
On 6 December 2024, the European Commission sent to the EBA and ESMA a letter regarding the interplay between MiCAR and the PSD2. The letter requests the EBA to explore, in close coordination with ESMA, the possibility of issuing a “no action letter” with regard to the enforcement of requirements on authorisation in PSD2 as regards services with electronic money tokens (EMTs) provided by crypto-asset service providers (CASPs) or by entities benefiting from the transition period under Article 143(3) MiCAR.
Under Article 9c of the EBA’s Founding Regulation the EBA may, in exceptional circumstances, issue a “no action letter” (in the form of an Opinion) where the EBA considers that the application of a legislative act within the sphere of the EBA’s competence “is liable to raise significant issues”, for instance because of a conflict with another relevant act.