ESMA publication of its Opinion on the amendments to the draft RTS specifying certain requirements in relation to conflicts of interest for CASPs under MiCAR, 24 January 2025

On the 24^th of January 2025, the European Securities and Markets Authority published an Opinion on the amendments proposed by the European Commission (EC) to the draft regulatory technical standards (RTS) specifying certain requirements in relation to conflicts of interest for crypto asset service providers (CASPs) under Regulation 2023/1114/EU (MiCAR). Whilst acknowledging the need to strike a balance between, on the one hand, protecting investors and financial stability objectives and, on the other hand, promoting safe and sustainable innovation, ESMA proposed to strike that balance differently from the EC.

The EC may adopt the RTS with the amendments it deems relevant or reject it. The European Parliament and the Council may object to the RTS adopted by the EC within three months.