> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/eu-level/q-and-a/pending-questions/pending.md). # Overview Submitted [MiCAR](https://github.com/jakesenfti/micawtf/blob/main/mica/README.md) Q\&As that are either still under review by the EBA/ESMA/European Commission or that have been rejected by the answering body. The Q\&A text and the rationale (for rejections) are preserved here for reference even though no official answer is published. [← Back to Q\&A index](/eu-level/q-and-a/q-and-a.md) *** ### Under Review | ID | Question | Article | Submitted | | --------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------- | ----------- | | [2024\_7066](/eu-level/q-and-a/pending-questions/eba-qa-7066-art-reserve-bail-in-eligibility.md) | Are ART reserve liabilities secured, and therefore excluded from bail-in in resolution? | 36(2) | 26 Apr 2024 | | [2024\_7068](/eu-level/q-and-a/pending-questions/eba-qa-7068-emt-parallel-issuance-eu-non-eu.md) | Can technically identical EMTs be issued in parallel by EU and non-EU entities? | 48, 49, 54, 56 | 29 Apr 2024 | | [2024\_7069](/eu-level/q-and-a/pending-questions/eba-qa-7069-recital-54-article-54-significance.md) | What is the scope of Recital 54 and [Article 54](/mica/title-iv-e-money-tokens-art.-48-48/chapter-1/article-54.md) of MiCAR regarding 'significant' ARTs and EMTs? | 54, Recital 54 | 29 Apr 2024 | | [2025\_7457](/eu-level/q-and-a/pending-questions/eba-qa-7457-psd2-applicability-emt-issuance.md) | Does PSD2 apply to the issuance and redemption of EMTs under MiCAR? | 49 | 15 May 2025 | ### Rejected | ID | Question | Article | Rejected | | ----------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ---------- | ----------- | | [2024\_7067](/eu-level/q-and-a/pending-questions/eba-qa-7067-micar-vs-crd-recovery-plan-info.md) | How can the MiCAR authority access prudential information for assessing ART/EMT recovery plans? | 46, 47, 55 | 15 Nov 2024 | | [2024\_7210](/eu-level/q-and-a/pending-questions/eba-qa-7210-own-funds-art-issuers-exempt.md) | What own funds must ART issuers exempt from authorisation under Article 16(2) hold? | 35(1) | 21 Nov 2024 | | [2024\_7114](/eu-level/q-and-a/pending-questions/eba-qa-7114-gold-tokens-arts.md) | Are tokens backed by gold classified as asset-referenced tokens? | 3(1)(6) | 21 Mar 2025 | | [2024\_7027](/eu-level/q-and-a/pending-questions/eba-qa-7027-casp-non-eur-emt-trading.md) | Can a CASP receive, transmit or execute orders for non-EUR EMTs from non-[MiCA](https://github.com/jakesenfti/micawtf/blob/main/mica/README.md)-compliant issuers? | 48(1) | 24 Jul 2025 | | [2025\_7591](/eu-level/q-and-a/pending-questions/eba-qa-7591-emt-issuance-bank-segregated-account.md) | Must banks maintain a segregated account to safeguard proceeds from EMT issuance? | 54, 58 | 11 Nov 2025 | | [2026\_7834](/eu-level/q-and-a/pending-questions/eba-qa-7834-own-funds-overlapping-casp-emi-if.md) | How are own funds determined for an entity with simultaneous CASP, EMI and investment firm authorisations? | 67 | 29 May 2026 | ### Related * [investment firm](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/crr/investment-firm.md) — defined term used on this page * [investment firm](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/investment-firm.md) — defined term used on this page * [investment firm](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/investment-firm.md) — defined term used on this page * [investment firm](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mifid-ii/investment-firm.md) — defined term used on this page * [funds](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/funds.md) — defined term used on this page * [funds](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/psd2/funds.md) — defined term used on this page * [funds](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/tofr/funds.md) — defined term used on this page --- # Agent Instructions This documentation is published with GitBook. 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