Article 54
Article 54
Section titled “Article 54”| Instrument | Regulation (EU) 2023/1114 (MiCA) |
| Source | EUR-Lex |
| Status | In force |
| Review rule | Legal-text changes require human review |
Investment of funds received in exchange for e-money tokens
Section titled “Investment of funds received in exchange for e-money tokens”Funds received by issuers of e-money tokens in exchange for e-money tokens and safeguarded in accordance with Article 7(1) of Directive 2009/110/EC shall comply with the following: 1. at least 30 % of the funds received is always deposited in separate accounts in credit institutions; 1. the remaining funds received are invested in secure, low-risk assets that qualify as highly liquid financial instruments with minimal market risk, credit risk and concentration risk, in accordance with Article 38(1) of this Regulation, and are denominated in the same official currency as the one referenced by the e-money token.
Level 2 instruments
Section titled “Level 2 instruments”- EMT issuance: bank segregated account — Q&A (withdrawn)
- EMT parallel issuance: EU and non-EU — Q&A (consultation)
- Scope of Recital 54 and Article 54 — significance classification — Q&A (consultation)