Four Commission Delegated Regulations supplementing Regulation 2023/1114 (MiCAR) have been published in the Official Journal of the EU, namely:
- Commission Delegated Regulation - 2025/415 supplementing the EU Markets in Crypto Assets Regulation (MiCAR) with regard to regulatory technical standards specifying adjustment of own funds requirement and minimum features of stress-testing programmes of issuers of asset-referenced tokens or of e-money tokens.
- Commission Delegated Regulation - 2025/418 supplementing MiCAR with regard to regulatory technical standards specifying the minimum content of the governance arrangements on the remuneration policy of issuers of significant asset-referenced or e-money tokens.
- Commission Delegated Regulation - 2025/419 supplementing MiCAR with regard to regulatory technical standards specifying the procedure and timeframe for an issuer of asset-referenced tokens or of e-money tokens to adjust the amount of its own funds.
- Commission Delegated Regulation - 2025/421 supplementing MiCAR with regard to regulatory technical standards specifying the data necessary for the classification of crypto-asset white papers and the practical arrangements to ensure that such data is machine-readable.
Each of these delegated regulations will enter into force on 13 April.
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