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MiCA—ESMA publishes Q&A on the shared order book model

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Published on: 20 June 2025
Published by LNB News

LNB News 20/06/2025

Document Information

Issue Date: 20 June 2025

Published Date: 20 June 2025

Jurisdiction(s): Eire and European Union

Article summary

The European Securities and Markets Authority (ESMA) has published a new Q&A on the non-compliance of the shared order book model with the Markets in Cryptoassets Regulation (Regulation (EU) 2023/1114) (MiCA), clarifying that when such a model involves non-EU trading platforms it breaches the authorisation requirements under MiCA.

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Jurisdiction(s):
Eire and European Union

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