Politics
ESMA responds to the Commission rejection of certain MiCA Technical Standards
DISCLAIMER: Information and opinions reproduced in the articles are the ones of those stating them and it is their own responsibility. Publication in The European Times does not automatically means endorsement of the view, but the right to express it.
DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has responded to the European Commission proposal to amend the Markets in crypto-assets Regulation (MiCA) Regulatory Technical Standards (RTS). ESMA acknowledges the legal limitations raised by the Commission but emphasises the importance of the policy objectives behind the initial proposal.
In the Opinion, ESMA takes note of the amendments proposed to the two RTS specifying:
- the information to be included in a notification by certain financial entities of their intention to provide crypto-asset services and
- the information to be included in an application for authorisation as crypto-asset service provider.
ESMA also reiterates that the final objective of these RTS is to ensure a thorough entry point assessment for applicant crypto-asset service providers (CASPs) and financial entities intending to provide crypto-asset services in the EU. This will increase the resilience of the crypto assets market and enhance investor protection in the crypto-assets space.
ESMA therefore recommends the Commission consider amendments to the MICA regulation (Level 1), namely:
- requiring applicant crypto-asset service providers and notifying entities to provide the results of an external cybersecurity audit; and
- including, in the assessment of the good repute of the members of the management body of applicant crypto-asset service providers, checks regarding the absence of penalties also in areas other than commercial law, insolvency law, financial services law, anti-money laundering and counter terrorist financing, fraud or professional liability.
Background
On 25 March 2024, ESMA published its first final report on the draft RTS specifying certain requirements of MiCA and submitted it to the EC for adoption. In September 2024, the Commission informed ESMA that it intended to adopt two of the proposed RTS with amendments and invited ESMA to submit new draft RTS reflecting the amendments provided.
Next steps
This opinion has been communicated by ESMA to the Commission, the European Parliament and the European Council.
The EC may adopt the two RTS with the amendments it considers relevant or reject it. The European Parliament and the Council may object to an RTS adopted by the EC within a period of three months.
Further information:
Cristina Bonillo
Senior Communications Officer
[email protected]
Source link
More from the author
– EXCLUSIVE CONTENT –
Author
DISCLAIMER: Information and opinions reproduced in the articles are the ones of those stating them and it is their own responsibility. Publication in The European Times does not automatically means endorsement of the view, but the right to express it.
DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.
– Advertisement –
– Advertisement –
The European Commission has announced the results of the 2024 Marie Skłodowska-Curie Actions (MSCA) Doctoral Networks call.
The Commission will fund a total of 149 excellent doctoral programmes with €608.6 million to train over 1800 doctoral candidates in and outside academia.
€536.9 million will be awarded to 133 standard Doctoral programmes, to train PhD candidates and develop their skills.
Funding includes also €26 million for 8 Industrial Doctoral programmes to train PhD candidates and develop their skills outside academia, including in industry and business. Doctoral candidates will also benefit from joint industry-academia supervision.
An additional €33 million will be allocated to 8 Joint Doctoral programmes, which promote joint selection, training and supervision leading to joint or multiple doctoral degrees.
The European Research Executive Agency (REA) received 1,417 applications for this call. This means a success rate of 10.6 %.
Close collaboration beyond academia
These doctoral programmes are implemented by international partnerships, involving 9335 organisations in 130 countries in the EU, Horizon Europe associated countries and beyond. 4725 of these are private for-profit entities.
Selected projects are coordinated by organisations in 18 countries.
Source link
More from the author
– EXCLUSIVE CONTENT –
Author
© FRVS+MPCP 2022. The European Times® News is registered as an EU Trademark. All rights reserved. The European Times® and the logo of The European Times® are EU trademarks registered by FRVS+MPCP.
Members/Partners of
About Us
Popular Category
DISCLAIMER OPINIONS: The opinions of the authors or reproduced in the articles are the ones of those stating them and it is their own responsibility. Should you find any incorrections you can always contact the newsdesk to seek a correction or right of replay.
DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.
DISCLAIMER PHOTOS: We mostly used photos images that are readily available online, from free sources, or from the people promoting the news. If by any chance it happens that we have used one of your copyrighted photos, please do not hesitate to contact us and we will take it down without question. We do not make profits as this is a not for profit project to give voice to the voiceless while giving them a platform to be informed also of general news, and it is completely free.
Editor Picks
Author
© FRVS+MPCP 2022. The European Times® News is registered as an EU Trademark. All rights reserved. The European Times® and the logo of The European Times® are EU trademarks registered by FRVS+MPCP.
Members/Partners of
About Us
Popular Category
DISCLAIMER OPINIONS: The opinions of the authors or reproduced in the articles are the ones of those stating them and it is their own responsibility. Should you find any incorrections you can always contact the newsdesk to seek a correction or right of replay.
DISCLAIMER TRANSLATIONS: All articles in this site are published in English. The translated versions are done through an automated process known as neural translations. If in doubt, always refer to the original article. Thank you for understanding.
DISCLAIMER PHOTOS: We mostly used photos images that are readily available online, from free sources, or from the people promoting the news. If by any chance it happens that we have used one of your copyrighted photos, please do not hesitate to contact us and we will take it down without question. We do not make profits as this is a not for profit project to give voice to the voiceless while giving them a platform to be informed also of general news, and it is completely free.
Editor Picks
Author
Val Kilmer’s Death: Stars Pay Tribute to the Late ‘Batman Forever’ Actor
Is Cory Booker Married? See the Senator’s Entire Dating History
Nintendo Switch 2: Release Date, Price, and Everything You Need to Know
-
Health & Society5 days agoCold Showers and Beyond – Embracing Temperature Therapy for Vitality
-
EU & the World6 days agoInnam Dustgir’s Approach to Public Relations
-
Politics6 days agoEU pledges €3.4 billion to combat global malnutrition
-
Health & Society4 days agoNatural Sleep Solutions – Creating a Restorative Nighttime Routine
-
Politics5 days agoEU supports the EU wine sector to cope with market uncertainties
-
Sports6 days agoOlimpia Milano still knocked out, Ettore Messina doesn’t mince words
-
Health & Society2 days agoSpice Up Your Life – The Health Benefits of Turmeric, Ginger, and More
-
EU & the World4 days agoSean Kingston’s Mom: 5 Things to Know About Janice Turner
