Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. HomeRegulation news
  2. ESMA and EBA publish joint guidelines consultation paper
Regulation news

ESMA and EBA publish joint guidelines consultation paper


23 October 2023 Europe
Reporter: Lucy Carter

Generic business image for news article
Image: Jade Maas/peopleimages.com/stock.adobe.com
The European Banking Authority (EBA) and the European Â鶹´«Ã½ and Markets Authority (ESMA) have released a on two draft joint guidelines under the Markets in Crypto-Assets (MiCA) regulation.

Considering issuers of asset referenced tokens (ARTs) and crypto-asset service providers (CASPs), the guidelines outline suitability assessment criteria both for members of the issuer’s management body and shareholders and members, whether qualifying holdings are direct or indirect.

These assessments will ensure that members have the appropriate knowledge, skills and experience for their roles, along with sufficient time to perform their duties. They will also verify the reputation, honesty and integrity of potential members.

By providing clarity and harmonisation on assessment criteria, the risk of arbitrage in rule application will be reduced, ESMA says. It adds that the initiative will also help to foster and protect integrity and trust in crypto-asset markets and related services.

Comments on the consultation are being accepted until 22 January 2024.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Default
→ Arbitrage

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →