Updated 10/05/2025
In force since 13/04/2025

Initial Legal Act
References (2)
eba.europa.eu/legacy/regulation-and-policy/regulatory-activities/asset-referenced-and-e-money-tokens-micar-3
24/03/2025
Delegated Regulation 2025/415 published in OJ
13/06/2024
EBA/RTS/2024/08
Final Draft published
08/11/2023
EBA/CP/2023/28
Consultation published
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MiCAR ToolDelegated Regulation 2025/415

Delegated Regulation 2025/415

Commission Delegated Regulation (EU) 2025/415 of 13 December 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying adjustment of own funds requirement and minimum features of stress testing programmes of issuers of asset-referenced tokens or of e-money tokens

RecitalsArticle 1 - Scope of applicationArticle 2 - ProcedureArticle 3 - TimeframeArticle 4 - CriteriaArticle 5 - Design of stress testing programmeArticle 6 - Type of stress testingArticle 7 - Minimum frequency of the different stress testing exercisesArticle 8 - Internal governance arrangements under the stress testing exercisesArticle 9 - Relevant data infrastructure for stress testing programmesArticle 10 - Methodology, common reference parameters and the plausibility of assumptionsArticle 11 - Entry into force