Level 2 and Level 3 measures

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Building
a framework
for growth Our point
of view:

New technologies demand new insights.

Track record.

 

  • Advised on 10+ MiCA licensing processes with the AFM.

  • Established and structured 50+ crypto businesses.

  • Advised 25+ directors on AFM or DNB fit and proper assessments.

  • Set the standard for asset segregation by CASPs.

Watsonlaw_winner-dbca

Here’s our point of view:
We can help you prepare for what the future holds for your business.

MiCA is not limited to the regulation itself. A substantial part of the regulatory framework is set out in Level 2 and Level 3 measures, including Regulatory Technical Standards (RTS), Implementing Technical Standards (ITS), and guidelines and Q&As issued by various supervisory authorities.

These measures provide the operational detail behind MiCA’s core requirements. They cover, among other things, governance, internal controls, complaints handling, conflicts of interest, record-keeping, transfer services, market abuse, prudential requirements and the content of license applications and white papers.

The regulatory landscape is still developing. New measures are adopted, finalised or updated on an ongoing basis. Keeping track of the full framework can therefore be challenging in practice.

To support clients and other market participants, we have developed the tracker below. This tracker provides a structured and up-to-date overview of all relevant Level 2 and Level 3 measures under MiCA.

No CSV URL provided.

Contact us.

Are you launching a crypto or blockchain-related project, assessing the regulatory treatment of a product or service, or looking for legal advice on a more complex digital finance matter?

 

Watsonlaw advises on a broad range of crypto- and blockchain-related legal issues, including MiCA, stablecoins, payment services and e-money, investment funds investing in crypto-assets, tokenisation of financial instruments, DeFi-related structures and other innovative business models.

 

We are happy to assist with the legal qualification of your activities, the structuring of your product or service, the applicable legal framework and the next steps for your business or project.

 

Would you like to know more? Please contact Willem-Jan Smits or Rens Kattenbelt.

Download Whitepaper MiCA

Download the MiCA Whitepaper.

The draft Markets in Crypto-Assets (MiCA) Regulation was released by the European Commission in September 2020. As with most markets-focused regulations, one of MiCA’s priorities is to limit the potential risks to the consumer. But the EC’s proposal also aims to address certain issues that it sees as hindering the EU crypto-asset sector. In the MiCA Whitepaper we therefore extensively discuss various topics that may be important for issuers and crypto service providers.

Client experiences.

  • “It is common to be spinning many plates when establishing a start-up. What I consider most important from a collaboration with a lawyer is: reassurance. So that I can sleep at night. And that is what I got.”

    Start-up entrepreneur

  • “They really dare to take steps. This often concerns untapped subject matter. You can count on them taking a position that can later be defended”

    Tech sector consultant

  • “They are very proactive, and they are pre-emptive when it counts, they radiate this. They are on point. We see things the same way: transparent, direct, know what to expect from each other, we both want to build something. They are so much more than lawyers. And if they don’t know something, they do their homework. They are terrific at that.”

    Crypto company entrepreneur

  • "Watsonlaw has truly contributed to the growth of our company. This is where the greatest added value lies. They give tangible advice and tell me what the best step is. That is exactly what I am looking for in a lawyer”

    Crypto company entrepreneur

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