On 6 June 2024, the European Banking Authority (EBA) published Guidelines on the minimum content of the governance arrangements for issuers of asset-referenced tokens (IARTs), and two sets of final draft RTS on remuneration and CoI under the Markets in Crypto-Assets Regulation (MiCAR). The Guidelines on the minimum content of the governance arrangements for IARTs further specify the governance provisions in MiCAR and clarify the tasks, responsibilities and organisation of the management body, as well as the organisational arrangements of IARTs, including the sound management of risks across the three lines of defence. The final draft RTS on the minimum content of the governance arrangements on the remuneration policy can be applied to issuers of significant ARTs, e-money institutions (EMIs) issuing significant e-money tokens (EMTs) and, where Member States require to apply Art. 45(1) MiCAR, to issuers of non-significant EMTs. These final draft RTS establish a framework similar to the remuneration framework for investment firms which has the same regulatory objectives. The final draft RTS on CoI for IARTs oblige issuers of ARTs to implement and maintain effective policies and procedures to identify, prevent, manage and disclose CoI. These policies and procedures should also ensure that there are sufficient resources to manage CoI. Also, issuers of ARTs should pay particular attention to CoI which could arise in relation to the reserve of assets. Where the issuer of ARTs is part of a group, the policies and procedures must also consider any circumstances which may lead to a CoI due to the structure and business activities of the other group members. The Guidelines will apply from 3 months after the date of their publication on the EBA’s website in all EU official languages. The final draft RTS on remuneration will now be submitted to the Commission for endorsement, followed by scrutiny by the European Parliament and the Council, before being published in the EU Official Journal. The final draft RTS on CoI will now also be submitted to the Commission for adoption. Once they enter into force, the RTS will be directly applicable in all Member States.