In accordance with Article 18(6) of Markets in Crypto-Assets Regulation (MiCAR), the European Banking Authority (EBA) has published on 7 May 2024 the following three sets of draft RTS and one set of implementing technical standards (ITS):
- RTS on authorisation: These RTS set out the requirements to be included in an application for authorisation to offer to the public or seek admission to trading of asset-referenced tokens (ARTs).
- ITS on authorisation: These ITS provide a template for the application letter and clarify the assessment process of the application file.
- RTS on detailed information content: These RTS set out the information requirements in the case of a proposed acquisition of an issuer of ARTs.
- RTS on approval of white paper: These RTS set out the timeframes to be followed by relevant institutions and competent authorities in the process of approving a crypto-asset white paper (i.e. an information document containing mandatory disclosures about the crypto-asset to inform potential holders of crypto-assets about the characteristics, functions and risks of the products they intend to acquire).
