FR AMF MiCA Regulation Questionnaire


On Jun. 21, FR AMF issued questionnaire on MiCA regulation?


  • FR AMF issued questionnaire for regulated entities to find out intentions with regard to regulation on crypto-asset markets (MiCA) which is in force from Dec. 30, 2024.
  • Follows EU CNCL Jun. 2023 issued MiCA Reg 2023/1114, see #142192.
  • Entities Eligible for Notification Procedure
  • Pursuant to MiCA, provision of crypto-asset services will require authorization.
  • However, for financial entities already authorized to provide services and activities on financial instruments, the regulation provides for the possibility of providing equivalent services on crypto-assets subject to notifying their national authority (see s 60).
  • This is the case, for example, for investment service providers, including portfolio management companies authorized under UCITS Directive or under AIFM Directive.
  • Those working as financial investment advisors who provide advice on digital assets without being a CIF will need to obtain authorization if they wish to provide or continue to provide crypto-asset services, including digital asset advisory service.
  • Effectiveness
  • Responses are requested to be submitted by Jul. 26, 2024.

Regulators FR AMF
Entity Types B/D; Bank; Depo; Exch; IA; Inv Co; MSB
Reference PR, 6/21/2024; MiCA Reg 2023/1114; Citation: MiCA Reg 2023/1114;
Functions AML; Compliance; Environment; Exams; Financial; Fraud; Legal; Operations; Privacy; Product Administration; Product Design; Risk; Technology; Treasury
Countries France
Category
State
Products Banking; Cryptocurrency; Custody; Fund Mgt; Issuance/IPO; Payments
Regions EMEA
Rule Type Final
Rule Date 6/21/2024
Effective Date 7/26/2024
Rule Id 216809
Linked to Rule :142192
Reg. Last Update 6/21/2024
Report Section EU

Last substantive update on 06/26/2024