The Council of the Securities Market Agency (SMA Council) adopted a Decision on the application of Guidelines on the establishment of EU standards for the maintenance of security access systems and protocols for trading of crypto-assets, other than ABTs.
The ESMA Guidelines shall be used in conjunction with point (d) of the first paragraph of Article 14 of the Markets in Crypto-Assets Regulation (MiCA Regulation) and shall set out relevant Union standards for the maintenance of all security access systems.
Applies to protocols, including policies and procedures, for those requesting admission to trading of crypto-assets other than asset-backed tokens (ABTs), or e-money tokens.
Guidelines are also intended to promote greater convergence in the interpretation and application of MICA provisions for providers and persons seeking admission to trading.
SLV ATVP will now determine application of guidelines to providers and persons seeking admission to trading in any crypto-assets, other than for ABTs, or for e-money tokens.
Effectiveness
The Decision will enter in force on fifteenth day following publication, on Apr. 25, 2025.
Regulators
SLV ATVP
Entity Types
B/D; Depo; Exch; IA; Inv Co
Reference
Dec 00706-5/2025-4, PR 4/10/2025; Gd ESMA75-223375936-6132, 2/26/2025; MICA Reg 2023/1114;
