ESMA publishes MiCAR guidelines compliance tables

The European Securities and Markets Authority (ESMA) has published a compliance table under the Markets in Cryptoassets Regulation (MiCAR) setting out member state compliance with its guidelines on when a third-country firm is deemed to solicit clients established or situated in the EU, and the supervision practices to detect and prevent circumvention of the reverse solicitation exemption under MiCAR. This follows an earlier compliance table published on 5 May, setting out member state compliance with ESMA's guidelines on procedures and policies (including client rights) in the context of cryptoasset transfer services under MiCAR on investor protection.

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