BUL FSC MiCA Suitability Assessments

Updated on: Nov 7, 2025

Latest Event


  • Nov. 2025 Compliance Date Postponed
  • On Nov. 4, 2025, BUL FSC issued meeting's decisions, including the postponement of the date that BUL FSC will comply with the guidelines, which will be Jun. 1, 2026.

On Mar. 12, BUL FSC intends to comply with EBA/ESMA guidelines.

  • BUL FSC issued decision No 133-H informing of compliance with EBA/ESMA guidelines.
  • Follows EBA Dec. 2024 issued translations of Joint Guidelines re MiCA, see #188838.
  • Purpose
  • Compliance, in BUL FSC supervisory practice, with the Joint Guidelines on the assessment of the suitability of members of management bodies and shareholders.
  • Regarding issuers of asset-referenced tokens and of crypto-asset service providers.
  • Effectiveness
  • BUL FSC compliance will be effective from May 1, 2025.
  • Nov. 2025 Compliance Date Postponed
  • On Nov. 4, 2025, BUL FSC issued meeting's decisions, including the postponement of the date that BUL FSC will comply with the guidelines, which will be Jun. 1, 2026.
Regulators
BUL FSC
Entity Types
B/D; IA; Inv Co; MSB
Reference
Mt, PR, 11/4/2025; Dec 133-H, PR, 3/12/2025; EBA/GL/2024/09, ESMA75-453128700-10; MiCA Reg 2023/1114; Fintech
Functions
Compliance; C-Suite; Financial; HR; Operations; Reporting; Risk; Technology; Treasury
Countries
Bulgaria
Category
State
N/A
Products
Cryptocurrency; Fund Mgt; Issuance/IPO; Payments; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Mar 12, 2025
Effective Date
Jun 1, 2026
Rule ID
246799
Linked to
Reg. Last Update
Nov 4, 2025
Report Section
EU