MyComplianceOffice Blog

The Markets in Crypto-Assets Regulation (MiCA) institutes uniform regulations for crypto-assets across the EU that are not currently regulated by existing financial services legislation.  The Application of Rules for asset-referenced and e-money tokens took effect on 30 June 2024. The countdown is on for the Application of Rules for the remaining asset classes in December 2024.

In the dynamic landscape of financial services compliance, multiple global regulators play a pivotal role in shaping policies and ensuring stability.

The European Market Abuse Regulations (MAR) have been in effect since July of 2016. Recent priorities published by regulators in the UK and across Europe demonstrate that MAR is hardly old news, remaining a consistent priority since its inception. And regulatory enforcement shows that even six years in, firms are still struggling to stay compliant with MAR regulations and the flow of material nonpublic information (MNPI) across their organizations.

Europe has been at the forefront regarding crypto asset regulation with its recently approved Markets in Crypto Assets (MiCA) legislation, which goes into effect in phases starting in 2024. It represents the most significant attempt by global governments to regulate the growing market for digital assets.  

The Market Abuse Directive II (MAD II) goes into effect this year. The new regulation will require firms to enhance employee supervision and take closer look at their organizational compliance practices. For those unfamiliar, MyComplianceOffice has compiled five fast facts to serve as an introduction.