On 22 October 2024, the European Banking Authority (EBA) published a Decision clarifying procedural aspects related to the classification of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as significant and covering also the transfer of supervisory powers from national competent authorities (NCAs) to the EBA, including the establishment of supervisory colleges for significant ARTs (s-ARTs) and significant EMTs (s-EMTs) under MiCAR. The Decision outlines, among others, a harmonised reporting calendar for NCAs, the reporting obligations for issuers of s-ARTs and s-EMTs and the reporting of data relevant for the establishment of supervisory colleges. It also specifies procedural steps and information requirements for the transition of supervisory powers between the EBA and NCAs for issuers of s-ARTs and of s-EMTs. The Decision also provides for templates to facilitate the implementation of the significance assessment procedure.
The Decision enters into force on the day following its adoption.
