On the 26th of March 2025, the European Securities and Markets Authority published its Guidelines in relation to the requirements on suitability and to the format of the periodic statement to be provided by crypto-asset service providers (CASPs) for portfolio management activities under Regulation 2023/1114/EU (MiCAR). The Guidelines on suitability requirements cover, among others, the information which CASPs should provide to clients about the purpose of the suitability assessment and its scope; the extent, the reliability and the update of the information to be collected from clients; the arrangements necessary to ensure the suitability of crypto-assets or crypto-asset services. The Guidelines on the format of the periodic statement for portfolio management of crypto-assets deal, among others, with clients’ access to an online system where the statement is available, and the content of the statement.
The Guidelines apply 60 calendar days from the date of publication on ESMA’s website in all the official EU languages.
