Third-country firms and CASPs - Guideline

Issuing authority	ESMA
Jurisdiction	European Union
Action type	Guideline
Date	26 Feb 2025
Subject	Third-country firms and CASPs
Amount	n/a
Obligation area	Reverse solicitation; unauthorised activity; perimeter enforcement; online and social-media marketing
Source	Primary source

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.

Related links: Article 59 MiCA; Article 62 MiCA