2025/304 — Financial Entity Notification
Commission implementing technical standard on Financial Entity Notification, with MiCA mandate, status and source metadata.
Instrument
Commission Implementing Regulation (EU) 2025/304 (ITS)
Drafted by
ESMA (in close cooperation with EBA)
Legal basis
Status
In force
In force
12 March 2025 (twentieth day after OJ publication on 20 February 2025)
Source
Recitals
Regulation (EU) 2023/1114 requires that common standard forms, templates and procedures are set out to ensure a uniform mechanism by which national competent authorities effectively exercise their powers in respect of the notifications they receive from already regulated entities of their intention to become crypto-asset service providers.
To facilitate the communication between a notifying entity and the relevant competent authority, competent authorities should designate a contact point for the notification process and should publish the contact information on their website.
In order to facilitate access to the information submitted and facilitate its control and future accessibility and analysis, the notification should be submitted in a digital format (web form) that automatically controls and performs preliminary checks on the information submitted and then stores it when complete.
The information submitted by the notifying entity should be accurate, complete and up-to-date. Pursuant to Article 60(9) of Regulation (EU) 2023/1114, where the information referred to in Commission Delegated Regulation (EU) 2025/303 has previously been submitted to the competent authority, the notifying entity is to expressly state that any information that was submitted previously is still up-to-date. Given that some information may only refer to the future, any future date included in the information should be specifically identified in the application.
To ensure a prompt and timely handling of notifications from financial entities, competent authorities should confirm the receipt of the notification by sending electronically, on paper, or in both forms, an acknowledgement of receipt to the notifying entity. That acknowledgement of receipt should include the contact details of the persons or function in charge of handling the notification.
To allow the competent authority to assess whether all required information has been provided in the notification in accordance with Article 60(8), first subparagraph, of Regulation (EU) 2023/1114, the notifying entity should communicate any changes to the information provided without undue delay.
This Regulation is based on the draft implementing technical standards submitted to the Commission by the European Securities and Markets Authority (‘ESMA’) and developed in close cooperation with the European Banking Authority.
ESMA has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the Securities and Markets Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council,
Article 1 — Designation of a contact point
Competent authorities shall designate a contact point for receiving the notifications submitted by financial entities in accordance with Article 60 of Regulation (EU) 2023/1114. Competent authorities shall keep the contact details of the designated contact point up-to-date and shall make those contact details public on their websites.
Article 2 — Submission of the notification
The notifying entity shall submit to the competent authority its notification by filling in the form set out in the Annex of this Regulation.
The notifiying entity shall submit the notification in a manner which enables storage of information in a way accessible for future reference and which allows the unchanged reproduction of the information stored.
Article 3 — Receipt of the notification and acknowledgement of receipt
Within five working days of receipt of the notification, the competent authority shall send electronically, on paper, or in both forms, an acknowledgement of receipt to the notifying entity. The acknowledgement of receipt shall include the contact details of the department, function or staff member of the competent authority handling the notification.
Article 4 — Notification of changes
The notifying entity shall notify the competent authority of any changes to the information provided in the notification without undue delay. The notifying entity shall provide the updated information by using the form set out in the Annex.
Article 5 — Entry into force
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Annex — Form for the notification of information to be provided by certain financial entities
In accordance with Articles 2 and 4 of Commission Implementing Regulation (EU) 2025/304 of 31 October 2024, laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to standard forms, templates and procedures for the notification of certain financial entities of their intention to provide crypto-asset services, kindly find attached our notification of our intention to provide crypto-asset services.
Reference number (to be completed by the competent authority):
Date:
FROM
Name of the notifying entity:
National reference number:
Address of the notifying entity:
Contact details of designated contact person:
Name:
Telephone:
Email:
TO
Member State (if applicable):
Competent authority:
Address:
Contact details of the designated contact point:
Name:
Telephone:
Email:
[We,] [notifying entity,] declare that the submitted information is accurate, complete and up-to-date. If some information relates only to a future date, it is explicitly identified in the notification and we undertake to notify the authority in writing without delay if any such information should turn out to be inaccurate, incomplete or misleading. Further, we undertake to inform the competent authority of any change concerning the information provided in this form.
— Person in charge of preparing the notification:
Name:
Status/position:
Telephone:
Email:
REQUIRED INFORMATION
Programme of operations
Please insert the information referred to in Article 1 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Business continuity
Please insert the information referred to in Article 2 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Detection and prevention of money laundering and terrorist financing
Please insert the information referred to in Article 3 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
ICT systems and related security arrangements
Please insert the information referred to in Article 4 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Segregation of clients’ crypto-assets and funds
Please insert the information referred to in Article 5 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Custody and administration policy
Please insert the information referred to in Article 6 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Operating rules of the trading platform and market abuse detection
Please insert the information referred to in Article 7 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Exchange of crypto-assets for funds or other crypto-assets
Please insert the information referred to in Article 8 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Execution policy
Please insert the information referred to in Article 9 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Provision of advice or portfolio management on crypto-assets
Please insert the information referred to in Article 10 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
Transfer services
Please insert the information referred to in Article 11 of Delegated Regulation (EU) 2025/303, by setting out that information here or making reference to the relevant sections of the notification.
[signature of legal representative]
Related
exchange of crypto-assets for funds — defined term used on this page
crypto-asset service — defined term used on this page
competent authority — defined term used on this page
terrorist financing — defined term used on this page
money laundering — defined term used on this page
crypto-asset — defined term used on this page
crypto-asset — defined term used on this page
group — defined term used on this page
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