Defined term	deposit
Source	MiCA
Reference	Article 3(1), point (50)
Status	Published
Refresh rule	Regenerate after source legal-text changes

(50) ‘deposit’ means a deposit as defined in Article 2(1), point (3), of Directive 2014/49/EU;

MiCA, Article 3(1), point (50).

MiCA imports this definition from DGSD.

(3) ‘deposit’ means a credit balance which results from funds left in an account or from temporary situations deriving from normal banking transactions and which a credit institution is required to repay under the legal and contractual conditions applicable, including a fixed-term deposit and a savings deposit, but excluding a credit balance where: (a) its existence can only be proven by a financial instrument as defined in Article 4(17) of Directive 2004/39/EC, unless it is a savings product which is evidenced by a certificate of deposit made out to a named person and which exists in a Member State on 2 July 2014; (b) its principal is not repayable at par; (c) its principal is only repayable at par under a particular guarantee or agreement provided by the credit institution or a third party;

Open DGSD definition page

1. MiCA Article 3(1), point (50)
2. DGSD Article 2(1), point (3)

• Article 2
• Article 6
• Article 19
• Article 36
• Article 45
• Article 51
• Article 81