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MiCAR under the microscope - Part 7: Prudential and capital requirements for issuers of ARTs and CASPs

In this edition of our "MiCAR under the microscope" series, we examine the prudential requirements, with a specific focus on the capital requirements that are applicable to issuers of ARTs and EMTS and CASPs under Regulation...more

MiCAR under the microscope - Part 4: The CASP licensing regime

To avoid potential risks to investor protection, as well as to financial stability within the European single market, the Regulation on Markets in Crypto-assets (MiCAR) is about to introduce a harmonised and dedicated set of...more

The Capital Markets Bill: A long-awaited reform at a glance

On 2 May 2023, the parliamentary debate to enact a long-awaited bill, commonly known as the Capital Markets Bill, commenced. The Capital Markets Bill is aimed primarily at introducing a number of significant changes in the...more

Covid-19 coronavirus: commercial papers in the ECB pandemic emergency purchase programmme of 750 billion euros

In order to deal with the economic emergency resulting from the spread of the Covid-19 coronavirus, the European Central Bank ("ECB") has announced a temporary programme for the purchase of financial instruments amounting to...more

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