(Finance) – The European Securities and Markets Authority (ESMA) intends to conduct acognitive investigation at European Union level on the performance of services for crypto-assetsin view of the application of MiCAR.
The ESMA investigation is aimed at get Info relating to financial entities interested in carrying out services for crypto-activities using the notification procedure to the competent national authorities pursuant to Article 60 of MiCAR.
The MiCAR will be applicable from 30 December 2024with the exception of the provisions of Titles III and IV relating to asset-linked tokens (ART) and electronic money tokens (EMT), which will be applicable from 30 June 2024. At a national level, the legislative decree for the implementation of the aforementioned Regulation, which identifies the competences of Consob and the Bank of Italy as supervisory authorities in the MiCAR context.
Last November the Consob and the Bank of Italyin collaboration with the Organization of Financial Agents and Credit Brokers (OAM), conducted a first investigation cognitive in order to understand the level of interest of operators in carrying out activities within the scope of MiCAR in Italy.
Also with a view to updating the information acquired with the aforementioned national investigation last November, Consob and the Bank of Italy invite the supervised entities, having headquarters in Italy legitimated to make use of the aforementioned notification procedure, to complete, by 26 July 2024, the survey ESMA.
ESMA will receive the answers directly, it will analyze the aggregate results and present them to the competent authorities of the individual Member States.