This Regulation establishes detailed procedures and standard forms for cooperation and information exchange between competent authorities supervising crypto-asset markets in the EU. It implements technical standards for the application of Regulation 2023/1114 on markets in crypto-assets (MiCA).The Regulation consists of 12 articles and 4 annexes containing standard forms. The main provisions cover designation of contact points, procedures for requesting and providing information, urgent requests handling, joint investigations, and data protection requirements.Key elements of the Regulation include:
- Detailed procedures for submitting and processing requests for cooperation between authorities, including timeframes and forms
- Special procedures for urgent requests requiring response within 10 working days
- Rules for conducting joint investigations and on-site inspections
- Requirements for confidentiality and permissible use of exchanged information
- Standard forms for requests, acknowledgments, replies and unsolicited information sharing
The most important provisions for practical application are:
- Requirement to designate contact points by January 15, 2025
- 5-day deadline for acknowledging regular requests and 3-day deadline for urgent ones
- Detailed requirements for information requests content and justification
- Strict confidentiality rules and data protection requirements
- Procedures for taking statements and conducting joint supervisory activities
