Regulation · Instrument · European Union · Technical standard (RTS/ITS) · European Commission
Commission Delegated Regulation (EU) 2025/1264: RTS on liquidity management policy for ART and EMT issuers
MiCA regulatory technical standard, drafted by the EBA, on the minimum contents of the liquidity management policy and procedures that issuers of asset-referenced and significant e-money tokens must have for their reserve of assets.
In force · part of Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114
Key points
- Issuers must assess and monitor their liquidity needs so the reserve of assets can meet redemption requests at any time.[1]
- Adopted and published in the Official Journal (CELEX 32025R1264).[1]
Timeline
- Jun 2024 · ProposedEBA final draft RTS published in its June 2024 MiCA package.[1]
- 2025 · In forceAdopted by the Commission and published in the Official Journal.[1]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]Regulatory Technical Standards to specify the minimum contents of the liquidity management policy and procedures under MiCAR — European Banking Authority. Accessed 12 Oct 2026.A