Respondents have until tomorrow, 25 June to put their views to the European Securities and Markets Authority (ESMA) Consultation on the Technical Standards specifying certain requirements of MiCA (3rd package).

This forms part of the ongoing regulatory consultation around the EU's Markets in Crypto-Assets Regulation and particularly concerns "echnical standards and guidelines specifying certain requirements of the MiCA on detection and prevention of market abuse, investor protection and operational resilience."

MiCA covers crypto-assets that are not regulated by existing financial services legislation. It entered into force in June 2023, however it also included "a substantial number" of Level 2 and Level 3 measures that required development before the new regime is applied. This led to a sequence of three 'packages' of consultation on technical standards, with the date for entry into application of the relevant measures subject to adoption by the European Commission and approval by the European Parliament and the Council of the EU.

Responses to the 3rd package of consultations can enter their responses here: https://www.esma.europa.eu/sites/default/files/2024-03/ESMA75-453128700-1012_Reply_form_MiCA_-_RTS_market_abuse_and_GLs_on_investor_protection_and_operational_resilience.docx

ESMA notes that "All contributions received will be published following the close of the consultation unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publicly disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman."