ESMA's Final Report on Draft Technical Standards for MiCA

The drafted technical standards follow the receipt of feedback as part of the consultation process, and includes proposals on:

• Information required for the authorisation of CASPs;
• The information required where financial entities notify their intent to provide crypto-asset services;
• Information required for the assessment of intended acquisition of a qualifying holding in a CASP;
• How CASPs should handle complaints.

The Final Report has been submitted to the European Commission (“EC”), and if requested by the EC, the ESMA will provide further advice and technical guidance in this area.