EBA opinion on the European Commission’s proposed amendments to Regulatory Technical Standards (RTS) for authorization applications of asset-referenced tokens (ARTs) under MiCAR, assessing legal justification, proportionality, and information requirements for supervisory scrutiny.
EBA opinion on European Commission’s proposed amendments to Regulatory Technical Standards (RTS) for authorising asset-referenced token (ART) issuers under MiCAR, accepting changes while recommending supervisory enhancements like market abuse policies and third-party DLT audits.
The European Banking Authority (EBA) today issued an Opinion in response to the European Commission’s proposed changes to its draft Regulatory Technical Standards (RTS) on the information to be provided to competent authorities when authorising the offer to the public of asset-referenced tokens or the admission to trade them under the Markets in Crypto-Assets Regulation (MiCAR).
The European Banking Authority (EBA) today published an Opinion on the amendments proposed by the European Commission (EC) to the EBA draft Regulatory Technical Standards (RTS) on conflicts of interests for issuers of asset-referenced tokens. The EBA agrees with the substantive changes proposed by the EC, which favour proportionality, as well as with the other amendments which are considered non-substantives.
EBA opinion on the European Commission’s amendments to Regulatory Technical Standards (RTS) under MiCAR, assessing changes to conflict-of-interest rules for asset-referenced token issuers, including scope adjustments, proportionality, and disclosure requirements.