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ESMA Publishes Second Consultation On Crypto Market Rules

Date 05/10/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes a second consultation package under the Markets in Crypto-Assets Regulation (MiCA). Stakeholders are encouraged to provide their feedback to this consultation by 14 December 2023. 

 

In the documents published today, ESMA is seeking input on five sets of proposed rules, covering:

  • sustainability indicators for distributed ledgers;
  • disclosures of inside information;
  • technical requirements for white papers;
  • trade transparency measures; and
  • record-keeping and business continuity requirements for crypto-asset service providers.

Next steps

ESMA will publish a final report on the basis of feedback received and submit the draft technical standards to the European Commission for endorsement by 30 June 2024 at the latest.

ESMA will also publish a third consultation package with the remaining 18-month mandates in Q1 of 2024.  More information on the timeline for MiCA implementing measures and the transitional period can be found here.

Related Documents
ReferenceTitle
ESMA75-453128700-438    
Second consultation paper on the Technical Standards specifying certain requirements of Markets in Crypto Assets Regulation (MiCA)
MiCA
MiCA white papers PoC
ESMA12-2121844265-3182
Report on the DLT Pilot Regime – Study on the extraction of transaction data
ESMA12-2121844265-  3183
Report on the DLT Pilot Regime - Study on how financial instrument transactions are registered in various Distributed Ledger Technologies