Overview

European Securities and Markets Authority (ESMA) supervisory briefings, statements, and peer-reviewed enforcement outputs on MiCA implementation.

Authority	ESMA
Jurisdiction	European Union
Snapshot date	2026-06-24

Published Actions

Subject	Date	Type	Amount	Obligation area	Summary	Source
MFSA / Malta CASP authorisation file	10 Jul 2025	Peer review	n/a	CASP authorisation; governance; conflicts of interest; ICT/custody; AML/CFT; DeFi/Web3 exposure money laundering; terrorist financing; Article 59 MiCA; Article 62 MiCA; Article 68 MiCA	Fast-track peer review found the MFSA partially meeting expectations on a CASP authorisation process and cited unresolved material issues, including prior and pending enforcement history, business-plan growth, conflicts, governance, ICT/custody/Web3, and AML/CFT controls.	Source
Unauthorised CASPs and onboarding authorised CASPs	17 Apr 2026	Statement	n/a	Transitional periods; unauthorised activity; wind-down planning; AML/CFT/KYC client migration money laundering; terrorist financing; Article 59 MiCA; Article 62 MiCA	Statement on the end of MiCA transitional periods: 1 Jul 2026 is the EU-wide deadline with no grace period, unauthorised CASPs need immediately executable wind-down plans, and authorised CASPs taking migrated clients must run fresh AML/CFT/KYC checks.	Source
Third-country firms and CASPs	26 Feb 2025	Guideline	n/a	Reverse solicitation; unauthorised activity; perimeter enforcement; online and social-media marketing Article 59 MiCA; Article 62 MiCA	Guidelines read the reverse-solicitation exemption narrowly, treat broad EU-facing marketing and promotion as solicitation, require records proving exclusive client initiative, and expect NCAs to monitor online and social-media activity for EU indicators.	Source
National competent authorities	31 Jan 2025	Statement	n/a	CASP authorisation; ML/TF risk; governance; outsourcing; fit-and-proper; business plan; notifications money laundering; terrorist financing; Article 59 MiCA; Article 62 MiCA; Article 68 MiCA; Article 83 MiCA	Supervisory briefing on CASP authorisation: no cursory low-risk assessments, generally high ML/TF risks, and higher scrutiny for large CASPs, complex groups, governance, outsourcing, fit-and-proper, business-plan realism, and notifications.	Source

• MFSA / Malta CASP authorisation file - Peer review — 10 Jul 2025
• National competent authorities - Statement — 31 Jan 2025
• Third-country firms and CASPs - Guideline — 26 Feb 2025
• Unauthorised CASPs and onboarding authorised CASPs - Statement — 17 Apr 2026