The European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term), the EU's financial markets regulator and supervisor, has published the second Final Report under the Markets in Crypto-Assets Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (MiCA).

This report covers eight draft technical standards aimed at providing more transparency for retail investors and clarity for providers on the technical aspects of disclosure and record-keeping requirements. Additionally, the standards include data protocols to facilitate supervision by National Competent Authorities (NCAs).

ESMA's MiCA Technical Standards

The final report includes the following draft technical standards: sustainability indicators for crypto-asset consensus mechanisms, business continuity measures for crypto-asset service providers (CASPs), trade transparency, content and format of orderbooks and record-keeping by CASPs, machine readability of white papers and the register of white papers, and public disclosure of inside information.

The draft standards provide market participants with technical requirements to ensure both human and machine readability of crypto-asset white papers. They also establish templates and formats for CASP order and transaction records.

Have you seen our proposals?

🔴 #ESMA made 2⃣0⃣recommendations for more effective & attractive capital markets in 🇪🇺→ https://t.co/1VQyN57ni9.

3 dimensions
🎯 citizens
🎯 companies
🎯 EU regulatory & supervisory framework

Factsheet → https://t.co/L3ZT4iVhD7

CC: @EU_Finance pic.twitter.com/dwtWmsqB6o

— ESMA - EU Securities Markets Regulator 🇪🇺 (@ESMAComms) July 3, 2024

MiCA Standards Await Adoption

The rules detail how CASP trading platforms should publish the data required for pre-and post-trade transparency. This measure ensures that NCAs have access to the necessary information for effective supervision of the EU crypto-asset market.

The report also addresses public disclosures, aiding investors in understanding the environmental impact of the consensus mechanisms underpinning the crypto-assets they hold. It outlines how issuers should disclose price-sensitive information to the public to prevent market abuses, such as insider dealing.

Once finalised, the draft technical standards will be submitted to the European Commission for adoption. The European Commission will decide whether to adopt them within three months.